L R AS Published on Saturday 12 January 2019 - n° 259 - Categories:European countries, power plants
Investors rush to invest in power plant projects in Spain
UK-based Infrared Capital Partners acquires a portfolio of solar power plant projects in Spain totalling 1.5 GW.
Photon of January 10th
Germany's Luxcara acquires a 121 MW project in Spain for €80m, to be completed in the second quarter of 2020. This project already has a sales contract. In December 2017, the company had already purchased a 45 MW project to be built in Spain.
PV Magazine of 10 January
Editor's note These purchases are judicious because they allow us to position ourselves a little in advance on a market that appears to be buoyant if we refer to the BayWa r.e. power plant (see Making a profit from a power plant in Spain built without subsidies). The German indicated that the sale of electricity over fifteen years (at €0.04 per kWh) allowed him to completely amortize the cost of the power plant and to have, over the next fifteen years, almost free energy at his disposal, allowing him to make a comfortable profit.
