Soltec Nets Statkraft Deal For 234 MW Solar Projects in Spain

The Spanish manufacturer and supplier of solar trackers, Soltec has agreed to terms with Europe’s renewable energy company Statkraft for the development of four solar projects in Cadiz in southern Spain with a total capacity of 234 MW.

According to the firms, four projects being constructed this year and expected to generate 500GWh of clean energy per annum on completion across San Jose del Valle, in Arenosas, el Yarte and la Guita, and a fourth in Malabrigo, in Jerez de la Frontera.

The 234 MW solar project is claimed to produce around 500 jobs in the region of the construction.

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Under this agreement, Soltec will deliver its SF7 bifacial solar trackers that collect energy on both the front and rear sides. Soltec claims that the SF7 captures reflected irradiance from the ground surface under and around the tracker and from other modules. Depending on site conditions, bifacial yield-gain can reach above 30 percent.

Speaking of the deal, CEO of Soltec Power Holdings, Mr. Raul Morales said, “We are very pleased with the signing of this new contract with Statkraft.”

This agreement for 234 MW solar projects comes after Soltec’s another contract to deliver solar trackers and construction services to Endesa to develop three PV plants in Extremadura, in Spain, with an installed capacity of 142MW.

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For Statkraft, this project follows the announcement of constructing its very first wind farm in Germany on a 67-hectare forest area in Bramwald in northern Hesse. By 2025, the so-called Oedelsheim wind farm is expected to comprise 6 turbines which will generate 36 MW of energy, adequate to supply 20,000 households with wind power each year and save 54,000 tons of CO2.

The Norwegian state-owned utility Statkraft has a target of developing 8,000 MWs of wind and solar energy worldwide by 2025. Additionally, with the current hydropower assets, it claims to reach a generating capacity of 366 MW by the end of 2023.