Ireland-based independent power producer Amarenco Group announced it has entered into the Spanish solar PV market by acquiring from Hanwha Energy a solar PV plant located in Carmona, Seville.
The 49.94 MWP “Las Naranjillas” solar PV plant has an area of 137 hectares covered by 121,800 photovoltaic modules and will produce enough energy to meet the electricity demand of 13,997 homes. In addition, 51,977 tonnes of CO2 will be removed from the atmosphere, which is equivalent to the consumption of 10,192 vehicles. The construction of the solar PV plant created 180 jobs.
Amarenco reported it has an ambitious solar PV plan for both Portugal and Spain.
Alain Desvigne, of Amarenco Group stated:
“Las Naranjillas sets up the first milestone on our relationship with Hanwha Energy and we look forward to repeating deals such as this with Hanwha Energy in the future. Iberia is now a key market focus for Amarenco going forward and we expect this market to be a significant part of the balance sheet going forward.”
Ik Pyo Kim, of Hanwha Energy, stated:
“It is notable that we have secured business capabilities and financial stability through successful development and sale under the uncertain business environment due to the pandemic of COVID 19. Starting with the current project pipeline of over 1GW in Spain, we will actively proceed more than 6 GW of solar projects in total in the European market including Spain to build further meaningful achievements in the solar PV area and also across diverse renewable energy areas as a part of 10-year strategic plan.”
Source: Press release by Amarenco Group. Photo credit: Amarenco Group.