Another 300 MW Solar Project Commissioned In Spain

• Encavis says the 1^st kWh of subsidy free solar power from 300 MW Talayuela Solar Project was fed into the Spanish grid on January 4, 2021
• This is the company's largest solar project in its portfolio; last year it energized 200 MW La Cabrera Solar Project in Spain
• Both the projects together are generating additional subsidy-free sales of over €36 million and additional EBITDA of more than €27 million in 2021, it added

Days after Ellomay Capital announced completion and grid connection for its 300 MW Talasol Photovoltaic Plant In Spain, another 300 MW solar power project has come online in the country (see 300 MW Solar PV Project Online In Spain).

Germany based renewable energy producer Encavis has commissioned its 300 MW Talayuela Solar Power Plant feeding the 1^st kWh into the Spanish high-voltage network on January 4, 2021. It happens to be the largest solar park in the group's portfolio, it added.

Previously, it achieved grid connection for 200 MW La Cabrera Solar Project in November 2020, and said from this 500 MW capacity it is generating additional subsidy-free sales of more than €36 million and an additional EBITDA of more than €27 million in the current year.

"In future, as in Spain, in many other European countries, we will benefit greatly from the growing market for long-term private-sector power purchase agreements – the so-called PPAs (Power Purchase Agreements)," explained Encavis CEO Dr. Dierk Paskert.

Both these subsidy free projects were developed by UK based Solarcentury, now part of Norwegian energy group Statkraft, which started construction on the Talayuela project in January 2020, after securing €54.8 million financing from the UK government for the 2 Encavis projects in Spain (see Construction Launched For 300 MW Spanish Solar Project).

The Talayuela Solar Project is expected to generate close to 600 GWh annually with the help of almost a million panels it is equipped with.