EQT Makes Voluntary Takeover bid for Spanish Solar Developer Solarpack

A global investment organization, EQT Infrastructure has announced a voluntary takeover bid for 100 percent of the share capital of Solarpack Corporación Tecnológica, S.A, a Getxo-based developer and owner of solar PV plants, mainly active in Spain, Chile, and India.  Before the announcement, EQT Infrastructure has signed permanent agreements with the Vendor Shareholders (Beraunberri, S.L., […]

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Bruc and Solarpack open a 100 MW photovoltaic plant in Extremadura

The solar energy plant will generate enough energy for 40,000 homes and will save 53,000 tons of CO2 emissions a year. Bruc Iberia Energy Investment Partners, a renewable energy investment fund manager, and Solarpack Corporación Tecnológica (“Solarpack”), a Getxo-based solar photovoltaic (PV) multinational, today opened a 100-MW PV plant in Alvarado-La Risca, Badajoz (Extremadura, Spain). […]

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Cost Reduction in Storage is Key for the Next Level of Solar Growth: Pradeep Chauhan

Pradeep Chauhan, Country Manager, Indian Subcontinent for Solarpack Corporacion Tecnologica, SA, the Spanish solar firm making waves finds himself in focus, after his firm made a record low bid of Rs 2.36 to win a 300 MW share at a SECI Auction this year. Solarpack, which has been bidding, and growing aggressively in multiple markets, […]

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How World Record Low Solar Prices Moved Out of India

Back in 2016, when Acme Solar surprised, nay, shocked everyone with a bid of Rs 2.44 per KwH at the newly launched solar auctions, everyone celebrated. It was believed that much like telecom, the era of lowest cost solar in India had also arrived. A long, sustained boom was duly predicted, and many of todays […]

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Foreign Firms Attracted to Competitive Bidding in Indian Solar Tenders: CRISIL

Rating agency CRISIL has said the absence of any formal duty on imports at the time of project tendering and lower returns globally in the wake of the COVID-19 outbreak have resulted in competitive tariff rates in the solar energy sector. According to the agency, a chance coming together of several positives has led to […]

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SECI’s 2 GW ISTS Tender Sees Pricing Records Broken. L1 at Rs 2.36 per unit

Spanish Developer Solarpack Corporacion Technologica announced itself with a big splash in India with the lowest bid of Rs 2.36 per unit, in the SECI 2 GW ISTS auction (Tranche IX). The auction stood out for the sheer global spread of the bidders, with the lowest  9 bidders coming from Spain, Canada, Italy, UK, and […]

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Solarpack Wins PPA Contract in Malaysia Worth 116 MW

Solarpack has announced the award of a long-term PPA for one of its projects under development in Malaysia. The 116 MW Suria Sungai Petani plant. Solarpack Corporación Tecnológica has announced the award of a long-term power purchase agreement (PPA) for one of its projects under development in Malaysia. The award, which is the result of […]

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Solarpack Closes Financing on 3 Solar Plants in Spain

Solarpack has closed the financing of 3 solar plants in Spain for a total of EUR 59 million, with a cumulative module capacity of 112 MW Solarpack has closed the financing of 3 solar photovoltaic plants in Spain for a total of 59 million euros, divided into a VAT financing tranche and a senior Project […]

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