February 19 (Renewables Now) – Chinese renewable energy company JinkoPower International has agreed with investment managers Ardian Infrastructure and White Summit Capital AG to jointly build and operate a 182.5-MW solar photovoltaic (PV) plant near Seville in Spain.
The project is called La Isla and represents an investment of EUR 125 million (USD 141.3m), Ardian announced on Tuesday. It is said to be one of the first grid-parity and zero-subsidy projects in Europe and one of the largest PV plants in Spain.
Initially, JinkoPower, a sister company of solar panel maker JinkoSolar Holding Co Ltd (NYSE:JKS), was La Isla’s sole owner and developer. The company will now be the industrial partner for the project, while White Summit and Ardian will act as asset managers.
La Isla is still in the development phase, with construction set to end during the second half of 2019. Once finalised, the plant will be capable of generating enough power to meet the demand of 100,000 households.
(EUR 1.0 = USD 1.13)