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Talayuela solar project is a 300MW solar park being developed in Cáceres city in the Extremadura region of Spain.
The project was initially developed by Kompa Solaire SASU and Genia Global Energy Solutions and was acquired by Encavis (80%) and Solarcentury (20%) in 2018.
The commercial and technical management of the solar project will be undertaken by Solarcentury.
The project’s economic revitalisation is expected to create over 1,000 direct and indirect jobs for the region. It will generate 400 jobs during the peak construction period and people for 100 of those roles will be hired from Talayuela, according to the agreement with the city.
The Talayuela solar project is estimated to power 150,000 homes while offsetting 165,000t of carbon dioxide emissions annually. It will be one of the biggest solar projects in Europe and one of the biggest photovoltaic plants on the Iberian Peninsula.
The project reached financial closure in November 2019 and construction began in January 2020. The solar plant is expected to be operational by September 2020.
Talayuela solar project location
Talayuela solar project will be located on 822ha of land in the Cerro Verde area of Talayuela, Cáceres.
The site receives 1,850 hours of sunlight a year, which can enable the production of 570GW of energy annually.
The site will include 320ha of protected land for the protection of natural environment and wildlife, while 100ha will be dedicated for reforestation of 1,600 Holm Oak trees.
It will also include three bird lookouts, 35 different shelters for reptiles and a nature classroom for hosting exhibitions and educational sessions for visitors.
Talayuela solar project details
The Talayuela solar project will comprise 830,000 solar panels installed on 15,000 single-axis trackers.
The solar panels will be anchored to the ground to reduce the impact of such large-scale installation on the land while avoiding the need for concrete foundations.
The project will include 144-cell polycrystalline CS3U-P KuMax modules, ensuring nominal loss of power in cell connections. The modules offer better shading tolerance and a high PV USA Test Conditions (PTC) rating of up to 92.64%.
The PV modules ensure lower hot spot temperature and reduce micro-cracks. The panels also resist heavy snow loads and wind speeds.
A 400/30kV substation with a 350MVA power transformer will form a major component of the plant. A 21.4km long simple circuit 400kV ‘duplex’ power line will transfer power from the solar plant to the Arañuelo Substation. The substation is owned by Red Eléctrica Española (REE), the national energy grid operator of Spain.
The plant will transmit 4,300GWh of power for ten years under a long-term power purchase agreement (PPA) signed by Encavis. The project will generate annual sales of approximately €25m ($28m) from the first full year of operation.
Financing for Talayuela solar project
Talayuela solar project is being developed with an estimated investment of €225m ($250m). The European Investment Bank (EIB) invested €76.5m ($84.7m) and the project secured a total funding of €165m ($190m) from EIB and Deutsche Bank. The EIB facility is supported by the European Fund for Strategic Investments (EFSI).
The developers secured €54.8m ($61.2m) funding from NatWest and HSBC UK for construction of Talayuela and Cabrera solar projects. The banking facilities include a €27.7m ($30.9m) trade loan from NatWest and a €27.1m ($30.3m) guarantees line from HSBC UK, supported by UK Export Finance.
Prodiel was contracted to build the project and interconnecting infrastructure under the balance of system (BOS) format.
Canadian Solar was contracted to supply solar modules for the project, while Pexapark acted as the PPA advisor.
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