VERBUND purchases 150 MWp photovoltaic park near Granada, Spain
29.11.2021Vienna, Munich
VERBUND purchases the Illora photovoltaic project in southern Spain from BayWa r.e. The 147.6 MWp solar park is set to enter operation in the first quarter of 2022.
The Illora solar park is located in Pinos Puente, near Granada. The design comprises three PV system sections with a planned total capacity of 147.6 MWp. Illora will produce approx. 260 GWh of green electricity per year. Construction on the photovoltaic park commenced in May 2021, initial operation is scheduled for the first quarter of 2022. The parties have agreed to keep the purchase price and further details of the transaction confidential.
BayWa r.e is a leading global developer, service provider, PV wholesaler distributor and provider of energy solutions in the field of renewable energy. The sale of Illora underscores the company’s growing success on the Spanish market, in which BayWa r.e. has a pipeline of over 1.4 GW of solar and wind projects. “We are delighted about the successful collaboration with VERBUND and are very proud of the implementation of the large Illora project, which ranks among our pioneering projects in southern Europe. Thanks to our many years of experience, our global network and fantastic team performance, we will be able to come in on schedule despite the restrictions caused by COVID-19 and delivery bottlenecks,” explains Dr Benedikt Ortmann, Global Director Solar Projects at BayWa r.e. He add: “Spain remains one of our core markets and we have been able to post strong growth here in recent years.”
VERBUND AG is Austria’s leading energy company and one of Europe’s largest generators of electricity from hydropower. The company generates around 97 percent of its electricity from renewables, primarily hydropower. “The VERBUND Strategy 2030 envisages significant growth in the area of renewable energies with the goal of achieving around 20-25% of total production from photovoltaics and onshore wind by 2030. In addition to entering the Spanish market, this transaction represents another important step on the way to the future of renewable energy,” says VERBUND CEO Michael Strugl.
BayWa r.e is a leading global developer, service provider, PV wholesaler distributor and provider of energy solutions in the field of renewable energy. The sale of Illora underscores the company’s growing success on the Spanish market, in which BayWa r.e. has a pipeline of over 1.4 GW of solar and wind projects. “We are delighted about the successful collaboration with VERBUND and are very proud of the implementation of the large Illora project, which ranks among our pioneering projects in southern Europe. Thanks to our many years of experience, our global network and fantastic team performance, we will be able to come in on schedule despite the restrictions caused by COVID-19 and delivery bottlenecks,” explains Dr Benedikt Ortmann, Global Director Solar Projects at BayWa r.e. He add: “Spain remains one of our core markets and we have been able to post strong growth here in recent years.”
VERBUND AG is Austria’s leading energy company and one of Europe’s largest generators of electricity from hydropower. The company generates around 97 percent of its electricity from renewables, primarily hydropower. “The VERBUND Strategy 2030 envisages significant growth in the area of renewable energies with the goal of achieving around 20-25% of total production from photovoltaics and onshore wind by 2030. In addition to entering the Spanish market, this transaction represents another important step on the way to the future of renewable energy,” says VERBUND CEO Michael Strugl.
