FCC acquires two photovoltaic farms in Cordoba, Spain
Madrid-based Spanish Group FCC has bought from Sky Global Solar two photovoltaic farms located in Cortijo Viejo and Sierrasita, in the province of Cordoba, for $203 million USD. The farms are being connected to the grid this month and will therefore qualify for the current tariff of 0.435 euro/kWh. They have an installed capacity of 20 megawatts.
FCC originally built these two plants for Sky Global Solar, a solar turnkey-project developer and module manufacturer and distributor with headquarters in Hong Kong and Spain.
This is FCC’s second investment in renewable energy in less than a month. In May, FCC said it would move into the energy sector to diversify its business, especially in the areas of cogeneration, energy efficiency, renewable energies and new waste-to-power technologies.
Its first move following that strategy was to acquire in August Babcock & Brown´s 420 MW of wind energy assets in Spain (see FCC of Spain buys into wind energy).
Together, those acquisitions and future renewable energy deals are being grouped into a new business unit called FCC Energia, the company says.
Tags: babcock & brown, FCC, solar photovoltaic plants, solar plants in Spain, Spanish solar farms
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