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Home » Uncategorized » Encavis snaps up Spanish solar parks
Solar

Encavis snaps up Spanish solar parks

reNEWS EditorialBy reNEWS EditorialFebruary 26, 20242 Mins Read
WFW advises Natixis on 1.2GW Spanish solar portfolio

Hamburg-based wind and solar operator Encavis AG has expanded its Spanish PV portfolio with two more arrays in Andalucia.

The 109MW Lirios solar park provides 220GWh a year and was acquired by BayWa r. e. The site 35km west of Seville is already under construction and is expected to be connected to the grid in the fourth quarter of 2025.

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The 30MW La Florida Hive array will produce 60GWh a year and will be built south-east of Seville in Dos Hermanas., It is due to be connected to the grid in the second half of 2025.

The site was developed by Hive Energy, which was also behind a solar park project in Guillena, also in Andalucia, which Encavis acquired in 2022 and which will generate electricity already in the third quarter of this year.

“We have seized the excellent opportunity to further expand our Spanish solar park portfolio on a massive scale,” said Encavis AG chief information officer /chief operating officer Mario Schirru.

“With the additional 1TWh hour of electricity purchased in 2023, Encavis has not only far exceeded its expansion target for 2023 but has also specifically acquired projects in one of our focus markets that can be quickly connected to the grid.”

In fiscal year 2023, Encavis purchased around 550MW of new generation capacity. In the current mix of acquired wind and solar projects, this corresponds to an annual electricity production of 1000GWh or 1TWh respectively. Encavis thus surpasses its original target of acquiring an additional 750GWh by a third, or more than 33%.

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