Turnkey construction of two ground-mounted plants with an output of 50 MW each is to begin in the first half of 2019.

aventron signed general contractor agreements for the turnkey construction of two photovoltaic power plants in Spain with an output of 50 MW each at the beginning of December. The contractual partner is Solarpack Corporacion Tecnologica SA, an independent international solar power producer based in Spain that is dedicated to the development, construction and operation of solar power plants. Both projects have already passed the required environmental impact assessments and final construction permits are expected in early 2019. The development partner is Synergia Energy Solutions SL of Spain.

The two ground-mounted plants in the Toledo and Murcia areas are among the first large-scale solar projects in Europe to be realised and operated without subsidies or other direct government support instruments. Each individual park will cover an area of about 90 hectares and is expected to supply about 95 million kilowatt hours of electricity per year. The total amount of energy generated is thus equivalent to the annual demand of a city with around 55,000 inhabitants.

aventron is currently in advanced negotiations on the power purchase agreements for the energy generated in the projects and is structuring the necessary debt financing on this basis. Financial close and start of construction is expected in the second quarter of 2019.

The two solar park projects Bargas and Algibicos are a milestone in the implementation of aventron's growth strategy. The solar production segment will be substantially strengthened. aventron's next goal is to achieve an installed capacity of 600 MW in its core areas of wind, water and solar by the end of 2020.