Spain’s self-styled largest utility will 'step up decarbonisation efforts' after coal-fired power plant assets take ~€1.87 billion impairment hit in 2019.
Private equity house Aurica Capital tells PV Tech why it chose trackers for its first ever solar deal and why the broader PV supply chain holds potential for an investor of its nature.
Recent buyer of 2.9GW solar portfolio in Spain means to go further with plans to allocate up to 15% of investments in renewables in Iberia and other markets.
Spanish region set to cement status as European PV hotspot through new plant backed by PPA with telecoms giant Orange, adding to Iberdrola’s 500MWp and 591MWp projects in the area.
Spanish firm walks PV Tech through planned location and sizes for large-scale pipeline it will deploy alongside French oil major, with plans by both to jointly look for PPA offtakers.
Panellists at London event were all confident market will retain momentum and grow bolder despite the speculative plays and competition from utilities and oil majors.
Funding will back 18 PV plants in Spain of around 900MWp capacity awarded to Zero-E Solar in a 2017 auction, alongside various clean energy projects in the Netherlands, Austria and Italy.
Iberian operators tell London event they worry adoption of Lisbon’s solar auction design by neighbour Spain could entrench model producing prices developers ‘cannot survive’ on.
