OPDENERGY: Will build 500 MW in solar photovoltaic plants located in Spain, Chile and Mexico

OPDEnergy issued the following announcement on Nov. 30.

The multinational corporation OPDEnergy - specializing in the production of energy assets and in the management of all related phases (development, financing, construction, operation and maintenance) - will build 500 MW distributed in various photovoltaic solar projects located in Spain, Chile and Mexico next year. The investment for the aforementioned projects will be of approximately 500 million Euros, financed through the Project Finance Scheme with various financial institutions.

With regards to the projects that OPDEnergy will build in Spain, there are seven photovoltaic solar plants totalling 300 MW of power and they are scheduled to start operating by the end of 2019. These projects are located in: Extremadura, with 50 MW in the La Fernandina solar plant; Andalucia, with 100 MW distributed in two 50 MW plants located in Puerto Real (Cadiz) and Alcala de Guadaira (Seville); and Aragon, with a further 148 MW distributed among the new photovoltaic solar plants in Los Belos (Zaragoza) and Montesol (Teruel) and their respective extensions, which will add a total power of 61 MW in Zaragoza and 87 MW in Teruel.

On the other hand in Chile, in the 2016 public energy tender, OPDEnergy was awarded a 176GWh / year block of energy, therefore in 2019 and within the framework of this award, the construction of 50 MW will begin. In addition to this, the multinational corporation is currently developing various projects in the Chilean market in the fields of wind, hydro and solar energy.

Apart from the said projects in Spain and Chile, OPDEnergy will start the construction of two photovoltaic plants in Mexico with a total capacity of 144 MW in 2019. It is the "Andalucía" solar plant with 107 MW of power and located in the State of Coahuila de Zaragoza and a 37 MW solar plant in the State of Aguascalientes, both projects to be included within the power allocation made by the Mexican government in 2016.

The projects that OPDEnergy has in these three markets (Spain, Mexico and Chile), will allow the multinational corporation to reach a total of 500 MW built throughout 2019. Besides, OPDEnergy is developing various projects in other markets, such as the United States and Italy.

OPDEnergy CEO, Luis Cid, explains that the success of closing the contracting of energy for more than 500 MW globally in the last two years is the result of a successful strategy that comes down to two levers. "The lever of diversification in the energy mix, opting not only for photovoltaic solar energy, but also for wind and hydro. And the lever of globalization, which we started off in Italy where we built 49 MW, England with 74 MW completed and now with Mexico and Chile in 2019 that will allow us to grow organically and sustainably in order to carry on expanding our current portfolio in development of more than 5,000 MW (5 GW)," he explains.

The Spanish firm OPDEnergy has become a key speaker and one of the main international players in the renewable energy sector, thanks to a business model driven by on-going expansion and evolution throughout its 13 years of history. During this period the multinational corporation has invested 1,100 million Euros in projects completed in Spain, Italy and England.

As far as the Spanish market is concerned, it is worth highlighting that OPDEnergy was awarded 200 MW in the most recent tender put out by the Spanish Government, thus becoming the first private equity company - apart from business groups listed on the stock exchange or in the hands of investment funds - to be awarded more MWs (taking a sixth position in the total allocation ranking).

Original source can be found here.

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