Some 350 MW will be divided between wind and solar for projects of 500 kW to 10 MW in scale. The ceiling price for solar and wind has been set at $60/MWh.

Grupo Cobra will be responsible for the construction of the plant, which will comprise 151,500 PV modules of 330 Wp, mounted on a horizontal single axis solar tracking system and 27 inverters. The facility will occupy an area of 161.2 hectares.

The Law on Climatic Change being prepared by the Spanish government provides greenhouse gas emissions be reduced by 20% compared to 1990 levels in 2030, and that the electric system has 70% generation from renewable energy sources. By 2050, the targets will be raised to 90% and 100%, respectively.

At an event held in Madrid this week, the Spanish solar sector made it clear that it is more than ready to achieve the government’s renewable energy targets, which include 50 to 60 GW of new PV capacity by 2030. The sector is experiencing a rebirth.

The Spanish developer said that funds from the IPO will be primarily invested in the execution of its 510 MW PV project pipeline.

Construction has begun on three solar plants in the Extremadura region, with a total capacity of 127 MW. The projects – expected to be in operation by the end of 2019 – were awarded to Enel in Spain’s third renewables auction, and involve a total investment of close to €100 million.

Enel will invest around 1,400 million BRL ($390 million) in the construction of the São Gonçalo solar plant, located in the state of Piauí. The 475 MW project is currently the largest PV plant under construction in South America.

Italian, Spanish and Portuguese scientists have published a study about energy consumption and the environmental footprint of the use of solar-hybrid irrigation systems in olive plantations in Portugal and Morocco.

A few days after the Spanish government introduced new rules for self-consumption and canceled the solar tax, the Spanish Parliament is now reviewing new provisions to reduce the time frame of the registration for a project under the self-consumption regime, while also simplifying bureaucratic procedures.

The Spanish Cabinet has approved a royal decree, which introduces a package of urgent measures to boost the country’s energy transition. It includes the already announced elimination of the “sun tax”, and other important measures, such as compliance with renewable energy objectives, electric vehicle adoption, reduced electricity prices, a social bonus for heating, consumer protection measures, and the extension of an electric social bond.