Exus and BlackRock Real Assets have selected Efacec for the construction of the PV solar power plant, starting in 2020
Efacec was selected for the engineering, procurement and construction (EPC), and operations and maintenance (O&M) of a free market 24 MWp solar plant, located in Salvaterra de Magos, Portugal. With an area of about 50 hectares, this infrastructure has a production capacity of 46 GWh per year. The operation of this solar power stations is expected to start in the beginning of 2020.
The project is being developed and managed by Exus Management Partners. Exus is an independent investment and asset management firm focused on the renewable energy sector (wind, photovoltaic and small hydro) and combines comprehensive financial, technical and operational know-how which ensures turn-key investment solutions to investors.
BlackRock Real Assets has acquired interest in the construction-ready 24MW solar farm from Exus Management Partners through its Renewable Income Europe fund, a strategy which to date has invested in a diversified portfolio of renewable power infrastructure assets across Europe.
The transaction includes the supply of full EPC and associated guarantees for the performance of solar power plants, as well as the O&M of the plant. The solar plant will be able to supply electricity annually to more than 11,000 houses, resulting in savings of about 12.000 tons of CO2 per year. This plant contributes to the achievement of Portugal’s 2020 goals.
The generated energy will be sold through a private PPA celebrated with Axpo, a leading company in Switzerland with subsidiaries across Europe, operating in Portugal since 2009. It is the second PPA to be carried out from Axpo in Portugal and the third in the Iberian Peninsula.
Efacec develops solutions for solar systems, including self-consumption, hybrid systems and large-scale PV plants on a turnkey basis. Efacec positions itself as a main player in the energy sector, with about 300 MW installed worldwide and 133 MW under O&M. San Pedro de Atacama Solar Park is one of the most emblematic solar park projects developed by Efacec, with more than 186 thousand photovoltaic panels, 51 inverters and an annual electricity production of 170GWh.