Endesa X completes 3.3 MWp of solar arrays in Portugal
Aerial image of the solar photovoltaic installations at the Aquinos Group's factories located in the Tábua Industrial Estate, Portugal. Image by Endesa (www.endesa.com)
Endesa X, the energy services unit of Spanish utility Endesa SA (BME:ELE), has built 3.3 MWp of self-consumption solar photovoltaic (PV) plants in Portugal for furniture and mattresses manufacturer Aquinos Group.
Featuring a total of 7,296 solar panels, the six solar arrays should be able to cover 37% of the group's energy needs in Tabua, Carregal do Sal and Nelas, in central Portugal.
With a combined production estimated at 4.4 GWh per year, the solar systems can provide the group with direct savings of 54% on its electricity bill.
The portfolio operates on a lease base with an investment vehicle assuming the maintenance of the PV parks during the 15-year contract term. Following this period, ownership will pass to the customer.
Endesa X noted that it executed the project in a commercial alliance with Rio Energia and EnergyCon, a company specialising in energy services and decarbonisation.