January 28 (Renewables Now) – Madrid-based developer Fotowatio Renewable Ventures (FRV) mentioned on Thursday that its 138-MW San Servan 220 photo voltaic PV farm within the Spanish area of Extremadura began producing energy.
The advanced is made up of three parks — SS6, SS7 and SS8,– and covers an space of 256 hectares (632.6 acres) within the municipality of Solana de los Barros, Badajoz province.
Now that it’s on-line, San Servan ought to be capable of generate roughly 289.55 GWh per 12 months, sufficient to satisfy the demand of as much as 88,500 households, the agency mentioned.
French funding financial institution Natixis supplied undertaking finance for San Servan 220, whereas its compatriot Engie (EPA:ENGI) signed an influence buy settlement (PPA) with FRV to obtain the plant’s output.
FRV, which is a part of Saudi Arabia’s Abdul Latif Jameel Power, is aiming to speculate greater than USD 1.5 billion (EUR 1.3bn) with a view to attain 4 GW of put in capability in 2024. In Spain, the corporate not too long ago obtained project finance to construct the San Servan 3, 4 and 5 photo voltaic farms for a complete of 150 MW in Solana de los Barros.
(USD 1.0 = EUR 0.896)