182.5 MW Unsubsidized Solar Plant In Spain

JinkoPower International, Ardian Infrastructure & White Summit Capital To Jointly Build & Operate 182.5 MW La Isla Solar Power Plant In Spain’s Seville Sans State Support
12:31 PM (Beijing Time) - 20. February 2019
grand-plaza-in-seville-spain

JinkoSolar’s subsidiary JinkoPower International will develop a 182.5 MW subsidy free La Isla Solar Power Plant in Alcala de Guadaira in Spain’s Seville region. Pictured is the panoramic view of the grand plaza in Seville. (Photo Credit: Rouvers/www.goodfreephotos.com)

Key Takeaways

  • A 182.5 MW solar power plant in Seville, Spain will be jointly built and operated by JinkoPower International, Ardian Infrastructure and White Summit Capital
  • To be built with an investment of €125 million ($141 million), the project will no accept state subsidies
  • Chinese media reported in June 2018 that JinkoPower had won the project in an auction and will sell power to CNMC for 20 years

Spain’s growing unsubsidized solar power market, with some 30 GW of capacity in the pipeline, is growing further. JinkoSolar’s subsidiary JinkoPower International will build a 182.5 MW solar power plant in the country along with French private equity company Ardian Infrastructure and Swiss investment firm White Summit Capital AG, reported Reuters.

To be developed without state support, the La Isla plant will come up near Seville in Spain. It will be built for €125 million ($141 million) and create 350 direct jobs during construction period. According to the report, the project will be one of the first grid-parity and zero-subsidy projects in Europe and one of the largest PV plants in Spain.

The three partners will jointly build and operate the La Isla Solar Power Plant.

Local Chinese news portal Yicai Global reported in June 2018 that JinkoPower had won the project following a competitive procurement round. It will be located in Alcala de Guadaira and will supply some 356 million kWh of clean energy annually to Spain’s National Commission of Markets and Competition (CNMC) for 20 years. Construction of the plant is expected to end by late 2019, it said.

Spain’s PV additions in 2018 were a rather disappointing 261.7 MW, but 2019 is expected to be a breakthrough year for the country as close to 4 GW of awarded solar power capacity is scheduled to come online by 2019-end, which might turn the market into Europe’s largest (see Spain Installed 261.7 MW Solar In 2018).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani