Another milestone subsidy free solar project in Spain

1/16/19, 11:03 AM -

Luxcara has acquired the 121 MW solar project Guillena-Salteras located in southern Spain. The electricity will be sold through a PPA.

The electricity of the 121 MW solar park Guillena-Salteras in Southern Spain will be sold through a power purchase agreement.
The electricity of the solar park Guillena-Salteras in Southern Spain will be sold through a power purchase agreement.

Construction works will begin shortly. The facility is expected to be connected to the grid in Q2/2020. Like project El Salobral, which Luxcara acquired in December 2017, Guillena-Salteras will sell the produced electricity directly to an off-taker on the basis of a power purchase agreement (PPA).

Portfolio for institutional investors

The solar park is situated north of Sevilla in the intensely sunny region of Andalusia and will be connected to the Salteras transformer substation, owned by Red Eléctrica de España S.A. The project, acquired for a portfolio for institutional investors, was developed by Solarig Global Services S.A., who will also build the plant as an EPC contractor.

"This is our second investment in southern Spain within a year. Andalusia continues to convince us with its high specific yield and very low LCOE," says Dr. Philip Sander, managing partner of Luxcara. (HCN)

Stay informed, get our free newsletter twice a week. Register here 

More useful information:

https://www.pveurope.eu/News/Markets-Money/BayWa-sells-subsidy-free-175-MW-solar-park-to-MEAG

https://www.pveurope.eu/News/Solar-Generator/170-MW-subsidy-free-PV-plant-in-Spain

https://www.pveurope.eu/News/Markets-Money/PPAs-from-niche-to-standard