Verbund enters Spanish solar market with 147.6 MWp solar PV project acquisition
Germany-based renewable energy company BayWa r.e. announced that Austria’s largest electricity company Verbund has purchased its Illora solar park located in Pinos Puente, near Granada in southern Spain with a planned total capacity of 147.6 MWp.
The Illora solar park’s design comprises three PV system sections and will produce approximately 260 GWh of green electricity per year.
Construction of the photovoltaic park commenced in May 2021 and commissioning is scheduled for the first quarter of 2022.
BayWa r.e. has a pipeline of over 1.4 GW of solar and wind projects in Spain. Dr. Benedikt Ortmann, Global Director Solar Projects at BayWa r.e. said:
“We are delighted about the successful collaboration with Verbund and are very proud of the implementation of the large Illora project, which ranks among our pioneering projects in southern Europe. Spain remains one of our core markets and we have been able to post strong growth here in recent years.”
Verbund CEO Michael Strugl said:
“The Verbund Strategy 2030 envisages significant growth in the area of renewable energies with the goal of achieving around 20-25% of total production from photovoltaics and onshore wind by 2030. In addition to entering the Spanish market, this transaction represents another important step on the way to the future of renewable energy.”
Source: Press release by BayWa r.e. and Verbund AG. Photo credit: BayWa r.e.
