- Planned capacity of around 50 megawatts
- Total investment volume around €40 million
- Start of construction and commissioning planned for 2019
- innogy benefits from BELECTRIC’s experience in constructing and operating utility-scale solar power plants
innogy SE is making good progress in building up its value accretive solar business. Having recently started construction on a major large-scale solar farm in Australia, the company has now taken the final investment decision (FID) for a solar farm in Spain. The ‘Alarcos’ project is set to have a capacity of about 50 megawatts and will be operated without state subsidies. Both the beginning of construction and full commissioning of the photovoltaic plant are planned this year.
“We are showing by means of the Alarcos project that new renewable energy sources are possible without the aid of subsidies. We are relying on long-term power purchase agreement contracts for this project. This is not only possible in sunny Spain, but also in many other markets solar energy is competitive. Decreasing prices for the equipment will continue to spur on this development.
Hans Bünting, Chief Operating Officer Renewables of innogy SE
