ENCAVIS expands its solar portfolio in Spain with a 28 megawatts solar park in Castile and León to 583 megawatts
Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG has purchased a 28 megawatts (MW) solar park in Spain from ILOS Projects GmbH. Once completed, the park will generate more than 50 gigawatt hours (GWh) of Renewable Energy per year. Construction will begin shortly, and the grid connection is planned for the end of 2024.
ILOS Projects GmbH is already a Strategic Development Partner (SDP) of Encavis in Italy. The partnership has now also led to this successful joint project in Spain. With the expansion of Spanish generation capacity in the Valladolid region (Castile and León) in the Northwest of Spain, Encavis will be able to provide green electricity to large industrial customers in Spain.
“In November 2022, we acquired a 55 MW solar park in Guillena, Andalusia, and with this project we are now expanding our solar portfolio in Spain as planned,” says Mario Schirru, CIO/COO of Encavis AG, welcoming the acquisition. “This brings us a big step closer to our goal of bundling several solar parks in Spain and then signing an attractive joint Power Purchase Agreement (PPA),” Schirru added.
Encavis AG is thus continuing its successful course of expanding its European wind and solar portfolio to a total of 8 GW of generation capacity by 2027, as part of the Accelerated Growth Strategy 2027.