Lightsource BP has begun construction of a 50MW solar project in Spain.
Torrubia is the company’s third project in Spain to start construction in 2021.
To finance this project Lightsource BP has been able to resort to the credit line that it recently closed for $1.8bn.
The Torrubia project is located in La Muela, Zaragoza.
Torrubia is the developer’s eighth photovoltaic plant in this autonomous community, comprising two solar plants located in Teruel, with a total capacity of 100MW, and Vendimia, a cluster of five solar plants located in the province of Zaragoza with a total capacity of 247MW.
Fernando Roger, country head of Lightsource BP Spain, stated: “The start of the construction of Torrubia marks another milestone in our growth in Spain, showing our confidence in the country as a strategic market for development and promotion of solar energy in Europe.
“Furthermore, this plant becomes a testimony of our financial strength, experience in delivering projects and our commitment to continue decarbonising the Spanish energy market in line with the ambitious objectives established by the PNIEC.”