Solarcentury has signed a memorandum of understanding to develop a €300 million 300 MW subsidy-free solar park in Spain. The UK PV company now expects national consent to be given for the project before construction will start. (Photo Credit: Solarcentury)
- UK company Solarcentury plans to develop a 300 MW solar power park in Spain’s Extremadura
- It will work in collaboration with a local partner - international engineering company Genia Global Energy
- Construction of the 300 MW Talayuela Solar Park is expected to begin in late 2018 and scheduled to be complete in 2019
- Planned as a subsidy free project, it is targeted to cater to more than 10% of the region’s population
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London based solar power developer and EPC Solarcentury has announced that it is developing a new 300 MW solar power park in Spain’s Extremadura region. Part of the so-called Talayuela Solar Park has been designed to resemble Extremedura’s flag, which will be seen from the air and will be visible on Google Earth.
The project will be developed without any government subsidy.
The UK company will be working in partnership with local partner Genia Global Energy, an international engineering company, for this project. Project construction is expected to begin in late 2018 and it scheduled to be complete in 2019. The project is backed by Extremadura’s regional government.
Solarcentury has signed a memorandum of understanding (MoU) to develop the €300 million ($355 million) site. The company now expects national consent to be given for the project before construction is scheduled to begin.
Once completely operational, the project is expected to generate around 2,000 kWh of clean energy annually for every kW installed and take care of the electricity needs for more than 10% of the region’s population.
“We are pleased with the collaboration and the support received by the national and local authorities in Extremadura, Spain,” said General Manager of Solarcentury Iberia, Jose Miguel Ferrer. Adding, “Proof of that is the framework agreement signed on December 15 between Junta de Extremadura and Genia Extremadura Solar, supporting through Talayuela Solar the development and the economy in the region.”
Talayuela Solar is part of a larger development pipeline in the Iberian Peninsula, which is a key market for Solarcentury. The company emphasized that, ‘grid parity has already been achieved in Spain, which means that large solar parks such as Talayuela can be developed without the need for government subsidy as in the past.’ “This is good news for consumers, but also for investors who will be able to fund this and other similar schemes through a range of private sector options, including private Power Purchase Agreements,” Solarcentury said.
Recently, Aragon’s regional government announced a solar power project with 549 MW capacity, which is planned to be the largest PV plant in Europe (see Spain’s Aragon To Host 549 MW PV Plant).
However, while a lot of companies have been trying to develop subsidy-free solar systems for years in Spain, no such PV power plant has been built. The revival of the Spanish solar boom will be rather driven by the recent tender.