Spanish renewable energy company Solaria Energia y Medio Ambiente SA (BME:SLR) announced Thursday a strategic plan to reach 3,325 MW of installed solar photovoltaic (PV) capacity by the end of 2023.
The solar company, which currently operates a portfolio of 75 MW in Spain, Italy, Greece and Uruguay, says it will connect to the grid 400 MW of PV farms in its home country by the end of 2019. The first of these to be connected are the 20-MW Casatejada project and the 30-MW Tordesillas scheme. They will come online in July.
Solaria’s engineering, procurement and construction (EPC) package consisting of 658 MW of solar assets across the Spanish regions of Castile-La Mancha and Castile and Leon is scheduled to be connected by mid-2020. The company said it will launch an additional package of projects at the end of 2019 to bring the total installed capacity to 1,375 MW by the end of 2020.
Solaria has about 6,600 MW of projects in the pipeline in Spain and Portugal, which will help boost the installed capacity to 3,325 MW at the end of 2023. The pipeline includes identified opportunities amounting to 344 MW in Portugal, while the remaining capacity is planned for Spain.
Solaria will participate in Portugal’s renewable energy auction in July as many of its Portuguese identified projects are located in areas that are up for the bidding, according to the strategic plan.
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