Solarpack & Bruc Iberia Open 100 MW Park In Spain

100 MW PV Park In Spain Inaugurated By Solarpack & Bruc Iberia Meeting Clean Power Demands Of 40,000 Homes And Cut 53K Tons Of CO2 Emissions
12:05 AM (Beijing Time) - 27. November 2020
Solarpack and Bruc Iberia Inaugurate 100-MW PV Park In Spain

Solarpack and Bruc Iberia inaugurate 100 MW PV Park In Spain, which is spread across 150 hectares and is capable of producing enough clean energy to meet the demands of 40,000 homes (Photo Credit: Solarpack)

Key Takeaways

  • A 100-MW solar plant in Spain was inaugurated by Solarpack and Bruc Iberia Energy Investment Partners
  • Bruc Iberia Energy Partners had bought this plant from Solarpack in the beginning of the year
  • The PV park will meet the consumption of 40,000 homes and avoid 53,000 tons of CO2 emissions annually
  • With this new solar farm, Solarpack reaches 121 MW of total operating capacity in Extremadura, and 295 MW of installed capacity in Spain

A 100-MW solar plant in Spain was recently inaugurated by Spanish solar power company Solarpack and renewable energy investment fund manager Bruc Iberia Energy Investment Partners.

In the beginning of this year Bruc Iberia Energy Partners became the owner of the plant after buying it from its developer Solarpack (see Bruc Iberia forays into Spanish solar market).

Located in Alvarado-La Risca, Extremadura, the new PV plant covers an area of 150 hectares and is said to be capable of producing enough clean power to meet the consumption of 40,000 homes and avoid 53,000 tons of carbon dioxide (CO2) emissions annually.

This PV park will operate under a long-term power purchase agreement (PPA) with an unnamed off-taker.

Speaking on the occasion, Solarpack General Manager Pablo Burgos said, “These 100 MW are another milestone in the road towards accomplishing our strategic plan. They reinforce our presence in Extremadura, which is and will continue to be the scene of one of Solarpack’s main bets on sustainable growth.”

As per the press release, with this new solar farm, Solarpack reaches 121 MW of total operating capacity in Extremadura, and 295 MW of installed capacity in Spain.

In early November, SolaPack had published its Q3/2020 results, supporting and continuing its growth trajectory, acquiring and putting in operation systems in Spain, Peru, Chile and India during 2019 and the start of 2020. It registered solid results for the first nine months of 2020, where it achieved operational revenues of €123.0 million ($146.41 million), a 222% increase over the same period in 2019, with an EBITDA of €48.4 million ($57.61), a 256% boost over the first nine months of 2019, and a net profit of €6.6 million ($7.86 million) against €1.3 million ($1.55 million) for the first three quarters of 2019.

Meena Nair

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Meena Nair