UAE Business: Abdul Latif Jameel Energy unit to build solar plant in Spain – Gulf Digital News

UAE Business: Abdul Latif Jameel Energy unit to build solar plant in Spain – Gulf Digital News

Leading developer of sustainable energy solutions, Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has reached a financial close on the Carmonita Norte solar PV cluster in Extremadura, Spain.

With a capacity of 123 MWdc, the Carmonita Norte cluster will be the first of the three projects that the Carmonita node will host. Covering an area of 356 hectares, the Carmonita Norte cluster will produce around 260 gigawatt hours (GWh) of clean energy per year, which is enough to supply energy to approximately 93,600 Spanish homes, while avoiding the emission of around 193,000 tons of carbon dioxide (CO2), said a statement.

The Carmonita Norte cluster joins several solar photovoltaic projects that the company currently has in Extremadura both in operation (La Solanilla, 50 MWp, and the San Serván 220 cluster, 138 MWp divided into three projects), and under construction (the San Serván 400 cluster, 150 MWp divided into three projects), reaching a total of 461 MWp executed. Together with the solar projects currently under development, the total projects will deliver a forecasted 1.1 gigawatts (GW) in the region in South-West Spain.

For the construction, FRV has reached a financing agreement under the Project Finance modality with MUFG, ING and Santander Corporate