Solarcentury sells majority stake in 200MW Spanish solar portfolio

Solarcentury has sold majority stake in four large-scale solar farms, with a capacity of 200MW, located in Alcalá de Guadaira, Seville, Spain, for an undisclosed amount.

Solarcentury will partly own, construct, operate and manage the four 50MW plants, collectively known as ‘La Cabrera’. The four plants are named Cerrado Cabrera, El Primo Alemán, Hazas de los Sesenta and Los Gonzalez.

Construction of the solar plants will begin this summer, after full financial close is achieved. The plants are expected to come online next year, generating enough clean electricity power 105,000 Spanish households.

Solarcentury CEO Frans van den Heuvel said: “It’s a hugely positive time for European solar power, and we are extremely excited to be growing our footprint in Spain with this, our second large-scale solar project set to be built without subsidy in the country.

“As the solar industry matures and the costs of development fall, subsidy-free solar projects are becoming increasingly viable, supported by growing demand from international investors who now view solar power as a long-term asset class in its own right.

Last month, the company entered French market by winning an auction to develop 57MW solar portfolio in the country.

The portfolio includes three solar farms, which will be developed with its development partner OXYGN. The solar farms include the 17MW Lourches to be located in Hauts de France, the 30MW Marigny in Grand Est and the 10MW Digue de Port-Saint-Louis in Provence-Alpes-Cote d’Azur.

Construction of the first site could begin early next year and when completed, the three farms will generate 68GWh of clean energy per, enough to be power more than 25,000 French households.

In February, the company announced that it would create 100 jobs in Extremadura region of Talayuela in Spain. The jobs were planned to be created for the development of 300MW solar farm owned by owned by Encavis and Solarcentury.

The 300MW solar plant is expected to be connected to the grid in the first half of next year and represents an investment of more than €100m.