Solarcentury sells stake in four solar farms in Spain

18 April 2019 (Last Updated April 22nd, 2019 05:45)

Global solar power company Solarcentury has announced the sale of its stake in four large-scale solar farms in Spain.

Solarcentury sells stake in four solar farms in Spain
The solar farms have a capacity to generate 200MW of solar power. Credit: Solarcentury.

Global solar power company Solarcentury has announced the sale of its stake in four large-scale solar farms in Spain. Located in Alcalá de Guadaira, Seville, the farms have a capacity to generate 200MW of solar power.

Construction is expected to begin later this year and will be connected to the grid by 2020. The solar farms will have the capacity to generate enough clean energy to power 105,000 households in the region.

Collectively known as ‘La Cabrera’, the four solar farms will each have the capacity to generate 50MW. Solarcentury will part own, construct, operate and manage the plants.

“It’s a hugely positive time for European solar power, and we are extremely excited to be growing our footprint in Spain.”

Solarcentury chief executive Frans van den Heuvel said: “It’s a hugely positive time for European solar power, and we are extremely excited to be growing our footprint in Spain with this, our second large-scale solar project set to be built without subsidy in the country.

“As the solar industry matures and the costs of development fall, subsidy-free solar projects are becoming increasingly viable, supported by growing demand from international investors who now view solar power as a long-term asset class in its own right.

“With our significant pipeline of solar projects and our strategic focus on end-to-end solar development, management and storage, we are proud of the role we are playing in bringing clean power to businesses, communities and households across the globe, while enabling a swift and meaningful transition from fossil fuels to zero-carbon energy.”

With its headquarters in Valencia Solarcentury has a 5GW pipeline of solar projects under development across the globe, including a 500MW pipeline in the south of Spain.