View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 8, 2021

Endesa acquires 519MW solar project portfolio from Arena Power

Electricity company Endesa has announced the acquisition of a 519MW solar photovoltaic project portfolio from Arena Power in Spain.

By Umesh Ellichipuram

Electricity company Endesa has announced the acquisition of a 519MW solar photovoltaic project portfolio from Arena Power in Spain.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Endesa executed the deal through its renewable energy operator Enel Green Power España.

The portfolio includes 11 projects representing an investment of approximately $415m (€350m), including the price of acquisition, construction and start-up. Construction will begin next year, with operations starting in 2024.

Endesa Generation general manager Rafael González said: “This deal is a firm step forward in our development of the strategic plan for 2021-2023, and a demonstration of Endesa’s commitment to the decarbonisation of the Spanish economy.

“Constructing these renewable farms close to areas of great power consumption is the most effective way of making industrial activity sustainable in Huelva.

“We are also executing these projects by creating shared value to benefit local communities, as we have been doing in other renewable sites in recent years.”

The projects in the deal are located across six sites in the province of Huelva including Palma del Condado, Gibraleón, Trigueros, San Juan del Puerto, Beas and Niebla.

Together, the sites will power nearly 305,000 homes via a single transmission line connected to the Palos substation. Located in the Huelva Industrial Park, the substation supplies electricity to chemical, oil and metallurgical businesses in Huelva.

During construction, the projects will create 1,250 jobs, with another 26 jobs coming from their subsequent operation and maintenance.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology