Solarcentury Retains Minority Stake In Spanish Project

Solarcentury Sells Majority Stake In 200 MW Solar Power Capacity In La Cabrera Solar Project For Undisclosed Amount To Unidentified Buyer
04:10 AM (Beijing Time) - 18. April 2019
solarcentury spain

The 200 MW project capacity in Spain for which Solarcentury sold its majority stake is the British company’s second PV project being built in Spain. It is already working on 300 MW subsidy free Talayuela Solar Park here. (Photo Credit: Solarcentury)

Key Takeaways

  • UK’s Solarcentury has sold off its majority stake in 200 MW cumulative solar power capacity it secured approval for in November 2018 in Spain
  • It now retains minority stake in the 4x50 MW projects to be located in Alcala de Guadaira
  • Solarcentury will partly own, construct, operate and manage the 4plants that are expected to enter construction in summer 2019

Solarcentury has sold its majority stake in 200 MW solar capacity in Spain’s Seville region. It did not say who it has sold the stake to, and for how much. In November 2018, Solarcentury secured approval from the regional government of Andalucia in Spain to go ahead with 4×50 MW solar PV projects in Seville (see Solarcentury To Develop 200 MW PV In Spain).

To come up in Alcala de Guadaira in Seville, the 4 power plants – namely, Cerrado Cabrera, El Primo Aleman, Hazas de los Sesenta and Los Gonzalez-together called La Cabrera – will be partly owned by the UK developer, who will also construct, operate and manage the projects.

Once financial close is achieved for the projects, construction is set to commence in summer 2019. Grid connection is being planned for 2020.

Solarcentury Chief Executive Frans van den Heuvel said this is the company’s second large-scale solar project to be built without subsidy in Spain. The first subsidy free project of the company in the country is the 300 MW Talayuela Solar Park in which Germany’s Encavis acquired a 80% stake (see Encavis Acquires Stake In 300 MW Spanish Plant).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani