Opdenergy to launch its photovoltaic plant in Puerto Real (Cádiz)

2 January 2020

  • The group connects the Miramundo plant to the network, located on a plot adjacent to the El Pedroso road.
  • Opdenergy and the European infrastructure fund Marguerite have invested more than 32 million euros for its construction, which has an installed power of 50 MWp.
  • The facility consists of 133,290 photovoltaic modules and 1,507 single-axis trackers, 18 photovoltaic inverters, a 50 MVA 30/132 kV lifting substation and a 1.3 km underground line to the Puerto Real substation.

Opdenergy, a company specializing in the development, financing, construction and operation of renewable assets, has announced today the completion of the construction work on its Miramundo solar photovoltaic plant in the town of Puerto Real (Cádiz), specifically on a plot adjacent to the El Pedroso road.

To finance this installation and other projects that Opdenergy is planning, the company has relied on Marguerite, a European investment fund. In particular, for this project, they have invested of more than 32 million euros. Likewise, Opdenergy has structured the debt financing of this Project Finance type plant and has signed a PPA with Centrica for the purchase and sale of the energy generated by the photovoltaic plant.

The project has an installed power of 50 MWp and has the capacity to guarantee the energy supply of nearly 30,000 homes. The photovoltaic plant, which occupies an area of 111 hectares, has 133,000 photovoltaic modules, around 1,507 single-axis solar trackers and 18 2.5MVA photovoltaic inverters, as well as a 50MVA 30/132kV substation and a 1.3 km LSAT for the evacuation of energy to the general network.

The start-up of this plant will prevent the emission of 40,000 tons of CO2 into the atmosphere per year, according to the emission factors published by the Spanish Office of Climate Change (OECC).

This is one of the company’s many projects in Andalusia. The impact of the Miramundo photovoltaic plant on the region’s economy is also very significant since during its construction nearly 200 jobs have been created, which are necessary for the proper development of the works, which began in the first quarter.

Luis Cid, CEO of Opdenergy, highlighted: “The implementation of this project is a key milestone in our business development plans in Spain. We are delighted to collaborate with groups such as Marguerite and Centrica, which highlights the broad potential of our joint work and the extensive possibilities for value creation offered by PPAs in the development of photovoltaic solar energy”.

2020.01.02: OPDEnergy to launch its photovoltaic plant in Puerto Real (Cádiz)

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