Commitment towards local development
BayWa r.e. has been developing renewable energy projects in Spain since 2010 and we keep growing. Our goal is to contribute to the energy transition for a more sustainable future that enables economic development and local job opportunities. We have already installed more than 500 MW in the country, with a project pipeline of over 2 GW to be delivered in 2025.
Poblete, our seventh project in Spain
Clean energy in Castile-La Mancha
The 20 MWp project that will start operations on Q2, is being built using bifacial modules and one-single axis trackers. During its first year of production, the solar plant expects to generate around 37,5 GWh of solar energy avoiding the emission of approximately 5.700 tons of CO2 per year.
Poblete was solt at the beggining of the year to L&G NTR Clean Power Fund, fund managed by Legal & General Investment Management (LGIM), global asset manager, and NTR, focused on renewable energies.
Total output | 20 MWp |
---|---|
Conection | SET Alarcos 45 kV |
Modules | JA Solar 535W – 540W Bifacial |
Inverters | Huawei SUN2000 String Inverters 185KTL-H1 and 105KTL-H1 |
Output | 37,5 GWh |
Surface | 42 ha |
CO2 emissions avoided per year | 5,700 tons of CO2 per year |
Part of a PPA with Holaluz
Poblete is part of a 10-year PPA (Power Purchase Agreement) signed with Holaluz, a green energy technology company listed in the BME (Spanish Stock Exchanges and Markets) since November 2019.
The PPA marks another milestone for BayWa r.e. on its journey towards grid parity in Europe, as this will be the company’s seventh solar project in Spain developed without any support from subsidies. For Holaluz this agreement is a new step to a 100% renewable world.
This agreement will allow BayWa r.e. and Holaluz to supply renewable energy to 9,500 new Holaluz customers.
In addition to the PPA, the two companies have also signed a framework agreement to help Commercial & Industrial customers obtain reliable and high-quality energy solutions such as self-consumption models, e-mobility solutions, or financial concepts including leasing solutions or PPAs.