Voltalia will build a 135MW solar project in Spain on behalf of its client Green Arrow Capital.
Voltalia has signed a contract with Green Arrow Capital to provide Engineering, Procurement and Construction (EPC) as well as Operation & Maintenance for the facility in Seville in the municipality of Sanlucar la Mayor.
Construction will start before the end of 2024 with full commissioning in 2025.
Voltalia will then operate and maintain the facilities for at least two years.
With a surface area of 169 hectares, the plant will include 192,864 photovoltaic panels.
Green Arrow Capital is an investor focused on renewable energy and other alternative investments in the real economy, including energy and digital infrastructure, private equity, private credit and real estate.
The contract with Green Arrow Capital marks the resumption of major construction contracts in Spain.
This year, Voltalia has been particularly active in the Spanish EPC market, in line with the group’s strategy to expand its activities to the construction of large-scale solar projects for similar customers, including IPPs, funds and utilities.
“We are delighted with this first collaboration with Green Arrow Capital. This new contract confirms the dynamism of Voltalia and Helexia in Spain,” said Voltalia chief executive Sébastien Clerc.
Founder and chief investment officer of Green Arrow Capital Daniele Camponeschi said: “The development of this new solar portfolio in Spain underlines the strategic importance of the Iberian market for Green Arrow Capital and follows other successful investments that allow the group to strengthen its presence in a key sector such as photovoltaics … Having an excellent partner like Voltalia by our side will allow us to ensure the highest quality and sustainability in the execution of the project.”