Elecnor building 312-MW wind farm in Spain

Spanish infrastructure builder Elecnor SA (BME:ENO) said on Monday that it is making progress with the construction of the Gecama wind farm in Spain, a project it secured under a EUR-64.3-million (USD 72.4m) contract.

The 312-MW project is promoted by Israeli wind and solar developer Enlight Renewable Energy Ltd (TLV:ENLT).

Elecnor serves as the balance of plant (BOP) contractor on Gecama, the largest single-phase wind project in Spain, according to the builder. Germany’s Nordex SE (ETR:NDX1) is supplying the wind turbines.

The Gecama wind farm will stretch across a 41-square-kilometre (15.8 sq miles) territory in the province of Cuenca, central Spain. Elecnor expects to finalise construction works in mid-2022, it said.

According to Enlight, Gecama will operate on a full merchant basis.

Enlight will hold a 72% stake in the Gecama project company. Israeli insurance groups Phoenix Holdings Ltd (TLV:PHOE) and Menora Mivtachim Holdings Ltd (TLV:MMHD) are also investors in the project.

(EUR 1.0 = USD 1.127)

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