The photovoltaic farm, situated on a 90-hectare site, will generate energy using bifacial panels and single-axis tracking systems, which will significantly increase energy yields compared to traditional PV systems. The total number of panels used will exceed 100,000, and the annual energy production is expected to surpass 130 GWh. The energy will be sold under market-based Power Purchase Agreements (PPAs). The project is expected to reach the Ready-to-Build (RTB) phase by 2026.
See also: Spain - Solar power for copper production via PPA
“Due to its excellent climatic conditions, Spain is one of the most important markets for the entire European photovoltaic sector. As R.Power, we plan intensive growth here. The Ciudad Real farm is our flagship large-scale PV project. Thanks to advanced technical solutions, we aim to achieve an output of 2024 MWh/MW, which is one of the best results in Europe,” says Ismael Martin Cilla, Head of Iberia & LatAm at R.Power.
International expansion
Spain is another market where R.Power is expanding its operations. In this quarter alone, the company has signed contracts for the general execution of photovoltaic power plant projects in Romania with a capacity of 23 MW. Meanwhile, in Portugal, R.Power has launched its first two projects with a capacity of over 13 MW. In Italy, R.Power and Elawan Energy, which is part of the Japanese financial group ORIX listed on the Tokyo and New York stock exchanges, have formed a strategic joint venture aimed at creating a portfolio exceeding 2 GW of PV projects. (hcn)
