The Taaleri SolarWind II fund has acquired 100% ownership of the Niebla solar plant, which is located in the Municipality of San Juan del Puerto in Andalusia, approximately 70 km west of Seville.
The solar PV plant will have an installed capacity of 50 MWp. Construction works will start in December 2021 and the plant is expected to be fully operational in the third quarter of 2022.
The project has a long-term financial power purchase agreement with Centrica Energy Trading to manage the majority of the electricity produced. Project financing will be provided by Banco Sabadell with the loan qualifying as a green loan under the Loan Market Association’s Green Loan Principles.
“We are very pleased with this investment. Spain has significant solar resources and ambitious plans to increase the proportion of solar generated power on the Spanish grid. Operating out of our office in Madrid, we have been steadily building our market understanding and developer network over the past three years and we expect to continue to be an active investor in Spanish solar projects”, said Taaleri Energia’s Investment Director, Petri Isotalus.
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