- Press Releases
December 14 (Renewables Now) - Irish solar independent power producer (IPP) Amarenco Group has entered the Spanish solar market with the acquisition of a 49.94-MWp solar farm in Seville province.
Amarenco acquired the Las Naranjillas photovoltaic (PV) farm for an undisclosed amount from South Korea’s Hanwha Energy Corp, the buyer announced today.
Covering a 137-hectare (338.5 acres) area in the municipality of Carmona, Las Naranjillas consists of 121,800 PV modules, capable of generating enough clean electricity to meet the annual demand of 13,997 homes and offset 51,977 tonnes of carbon dioxide (CO2) per year.
While this deal is the first between both companies, it is not expected to be the last, according to Amarenco CEO Alain Desvigne. “Las Naranjillas sets up the first milestone on our relationship with Hanwha Energy and we look forward to repeating deals such as this with Hanwha Energy in the future," said Desvigne.
The Irish firm said that it has ambitious solar plans for the whole Iberian Peninsula.
For its part, Hanwha Energy plans to implement more than 6 GW of solar power projects in Europe, including 1 GW in Spain.