Renewable Power Capital (RPC) has signed an agreement with developer Euder Energy to jointly develop 1GW of solar PV projects in Spain.
This agreement will see RPC and Euder develop early-stage projects.
Euder has a track record of developing 3.3GW of energy projects in Spain and more than 1.2GW in Latin America.
The deal reiterates RPC’s commitment to being a partner of choice for developers across Iberia and reflects its broad investment horizon, spanning the entire asset lifecycle from early-stage development to commercial operations and long-term ownership.
RPC already has an established presence in the Spanish solar sector, having agreed in 2021, shortly after its formation, to co-develop 3.4GW of projects.
Mariano Berges, Chief Commercial and Technical Officer at RPC, commented: “We are bringing our flexible, long-term approach to capitalise on the continued growth the Spanish solar market is seeing. This second venture in Spain will continue to grow our industrial capabilities as a company and our local expertise. We are pleased to be working with the very experienced team at Euder to achieve this.”
Francisco Cornet, Founding Partner at Euder, said: “We are grateful for the opportunity to work with RPC, as well as the trust shown by their team throughout the negotiation process. We will continue to expand our presence in the Spanish market by executing a pipeline of 1GW projects jointly with RPC and creating more investment opportunities.”