Solaria will begin construction in Trillo (Guadalajara) in May of what will be the largest photovoltaic solar plant in Europe, with a capacity of 626 megawatts (MW), which will be operational by the end of this year.
The project has an approximate capex of 350,000 euros per MW, which makes a total investment of about 219 million for the projected capacity, according to data provided to Five days by the company,
The company has signed long-term power purchase agreements (PPA) with Shell and Axpo for 300 and 150 MG, respectively, associated with this photovoltaic park. Solaria will communicate “soon” what it will do with the remaining 176 MW. For its part, Ebitda generation will be around 36 million euros per year, while the expected internal rate of return is above 14%, which would position itself as one of the most profitable plants in Europe, according to underlines the company ..
With the commissioning of this park, Solaria will have met 81% of its objectives for 2021, the year in which it plans to add a total of 1,100 MW. until reaching 2,150 MW. This represents approximately 15% of the 3,235 MW that has been proposed for 2023. The park is divided into 13 plants of approximately 50 MW spread over different islands, in order to respect the biodiversity of the area. This set of islands will be connected to the Trillo interconnection point (400 kV), where the area’s nuclear power plant will also be connected.
Solaria plans to implement batteries, smart grids and digital communication systems in a total of 29 projects from 2022. For this, it has requested through the Ministry of Ecological Transition and Demographic Challenge 1,625 million euros for Next Generation EU funds.
Total investment for projects [repartidos por Cataluña, Castilla la Mancha, Castilla y León, Extremadura, Navarra y País Vasco ] It is about 4,000 million euros, including the 1,600 million requested from European funds.