Smartenergy, Prodiel kind JV to develop over 4 GW of photo voltaic PV in Spain

April 26 (Renewables Now) – Swiss inexperienced energy investor Smartenergy Make investments AG and Spanish renewables EPC specialist Prodiel SL have arrange a three way partnership (JV) to develop over 4 GW of photo voltaic PV initiatives in Spain, the companions introduced immediately.

Their JV, named Greenfield PV, began its exercise with a staff of over 50 specialists engaged on the 4-GW-plus portfolio, based on the press launch.

The JV settlement is complemented by one other transaction, which noticed Smartenergy purchase a pipeline with over 1 GW of photo voltaic PV initiatives from Prodiel. Greenfield PV will present growth companies for this portfolio as nicely, the companions mentioned. It’s unclear from the press launch if these initiatives are additionally in Spain.

Monetary particulars of the preparations weren’t disclosed.

In keeping with Prodiel’s web site, the Spanish contractor has executed over 750 vitality initiatives in 11 international locations world wide, focusing totally on photo voltaic PV and high-voltage infrastructure. Final yr, the corporate partnered with one other funding supervisor, Madrid-based agency Everwood Capital, to create a PV-focused JV with a goal to develop gigawatts of solar energy throughout a number of European and Latin American markets.

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