Apex Clean Energy shifts to IPP model with solar tax equity financing deal
Jun 29, 2022 11:11 CESTJuly 12 (Renewables Now) - Spanish engineering and consulting firm SOLIDA Renewable Energies has won the owner's engineering services assignment for a 234-MW solar portfolio in its home country.
The contract has been awarded by Norway’s Statkraft A/S in a tender, and spans work on four photovoltaic (PV) projects -- Arenosas, El Yarte, La Guita and Malabrigo -- located between the municipalities of Jerez de la Frontera and San Jose del Valle, Cadiz province, SOLIDA said in a press release.
The scope of the contract also includes the grid connection infrastructure, which will consist of four medium voltage lines, a 30/132-kV collector substation, a 132-kV line and a new transformer bay to be installed in the Valle I substation to which the PV plants will be connected.
The construction of the four-project cluster is expected to last 14 months and employ over 500 people, according to SOLIDA.
Spanish solar tracker maker Soltec Power Holdings SA (BME:SOL) announced at the end of last month it would supply its SF7 bifacial trackers for all four projects.
The projects were originally developed by UK firm Solarcentury. Statkraft bought the company in late November 2020, took over its pipeline and retired the Solarcentury brand this spring.
Apex Clean Energy shifts to IPP model with solar tax equity financing deal
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