Gransolar Group EPC contractor GRS has reached an agreement with Everwood Capital to build the 167MWp Carmen PV project in Seville, Spain,
The scheme is a cluster of four photovoltaic plants and with this collaboration, the company said it reaches a new milestone in the Spanish market, where it has a portfolio of almost 40 projects built in the last two decades.
To carry out the Carmen development, located in Carmona, Seville, more than 230,000 PV modules will be installed on a project area spanning 270 hectares.
The scheme will be the largest installation undertaken by GRS to date in Spain, where it has built the 123MW Carmonita Norte, 50MW Desafío Solar and 50MW Las Naranjillas photovoltaic plants, also in the province of Seville.
GRS said the milestone also confirms its commitment to the Iberian Peninsula as a reference market, where, in addition to Carmen, it is currently working on two other large projects in Spain and Portugal.
Everwood Capital Managing Director Hugo Álvarez said: “The Carmen project represents a breakthrough in the investment strategy of our V Fund as it is a large-scale project located in one of the areas with the highest solar radiation in Spain.
Everwood has decided to engage GRS after a competitive bidding process where GRS has submitted the best technical and economic proposal to build the project. We have worked successfully with GRS in the past and we are confident that this new collaboration will also be very positive.”
GRS chief operating officer Jordi Vega added: “We are committed to each project we undertake in Spain with the same enthusiasm as when we decided to invest in photovoltaic energy almost 20 years ago.
“This enthusiasm is what allows us to give 200% in each project and Carmen, thanks to Everwood Capital’s trust, will be a clear example of this.”