View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 30, 2021

Renewable Power Capital and Benbros to develop solar projects in Spain

Renewable Power Capital (RPC) has partnered with Spain-based photovoltaic developer Benbros Solar to develop 14 solar energy projects across Spain.

By Umesh Ellichipuram

Renewable Power Capital (RPC) has partnered with Spain-based photovoltaic developer Benbros Solar to develop 14 solar energy projects across Spain.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

In a 50:50 joint venture (JV), the companies will work together on a 3.4GW solar project portfolio in the regions of Andalucía, Extremadura, Castilla la Mancha, Aragon and Murcia.

The partnership marks RPC’s first entry into the Spanish renewable energy market. This market is its key target for investment alongside the Nordic countries, where it acquired a portfolio of onshore wind projects this year.

The JV will also deploy a co-development strategy to accelerate RPC’s entry into the Spanish solar market.

RPC CEO Bob Psaradellis said: “We’re delighted to partner with Benbros on this exciting new development.

“Having been on the Board of Directors for FRV, a Spain-based solar platform co-founded by the principals of Benbros, I have long known the world-class development expertise of the team.

“Supported by RPC’s market-leading investment capabilities and flexible capital, I am confident this JV will help further accelerate the renewables transition taking place in Spain.”

RPC chairman Shaun Kingsbury said: “Spain has strong solar resources and with this development portfolio, which is of significant size, we are confident that we will deliver the scale and diversity we seek for our platform.”

Benbros is led by Rafael Benjumea, the founder of FRV, which was founded in Spain in 2005.

Spain is expected to achieve a renewable energy capacity of 50GW by 2025. Because of its strong solar resource, the country has the lowest solar levelised cost of energy (LCOE) in Europe.

This week, UK-based solar energy company Hive Energy sold its Sabinar solar farm project in Cuenca to Israeli investment fund Noy Fund and green tech firm Nofar Energy.

The 252MW solar farm will cover a 452ha area and is due to enter the construction phase this year.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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