Spanish power trader Unielectrica announced on Tuesday it will develop a 50-MWp solar photovoltaic (PV) project in the autonomous community of Murcia.
The company said that the plant, which will be financed independently, will require investments of approximately EUR 40 million (USD 47.4m).
Located in the municipality of La Pedrera, the PV project is expected to commence commercial operation in January 2020 and be able to generate around 100 GW per year. The output will be for own use.
In addition to this scheme, Unielectrica is also studying similar initiatives for the medium and long term in other autonomous communities in the south of the peninsular region, the company stated.
(EUR 1 = USD 1.19)
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