April 16, 2024

BNZ to develop four photovoltaic projects in Almeria with a total installed capacity of 182 MWp

BNZ, an independent power producer (IPP) that develops, builds and operates solar photovoltaic projects, will develop four solar plants to be located in Almeria, distributed between the municipalities of Tabernas and Lucainena, with a total installed capacity of 182 MWp. The plants, called Almahilla Solar, Terrera Solar, Ventura Solar and Hornosol, will be added to BNZ’s project portfolio and are expected to enter into operation by the end of 2025.

This transaction consolidates BNZ’s presence in Spain, where it will have a total of nine assets under development and operation and plans to install approximately 600 MWp by 2026. These solar plants are the result of Nuveen Infraestructure’s acquisition of the Spanish developer and EPC contractor Grupotec.

BNZ, which is part of Nuveen Infraestructure’s Clean Energy Fund III portfolio, will oversee the construction and operation of the four projects, which will become an integral part of its portfolio. In total, BNZ plans to deploy a total portfolio of more than 1.7 GW of solar PV in southern Europe by the end of 2026.

BNZ CEO Luis Selva said: “This announcement is an important milestone for BNZ, as the launch of these projects is a further step in our expansion strategy in the Spanish market and will allow us to explore the country’s great potential for renewable energy development. This operation reaffirms our presence in Spain, one of our main key markets, and will also allow us to continue contributing to the energy transition and moving towards a low-emission economy”.

The clean energy produced by these four photovoltaic plants will prevent the emission of a total of 96,000 tons of CO2 equivalent per year, which represents around 15,800 round trips between Almeria International Airport and Josep Tarradellas Barcelona-El Prat Airport. Likewise, BNZ estimates that between 275 and 320 direct and indirect jobs will be created during the construction process, while during the operation phase, between 180 and 220 direct and indirect jobs are expected to be generated.

BNZ is committed to the environmental regeneration of the territory

BNZ is committed to the environmental and social progress of the local communities where the company installs its plants. Therefore, in addition to the positive economic impact of the facilities on the local community and their compliance with the highest environmental criteria, BNZ will analyze and implement social projects to further anchor the projects in the local economy.

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