Luxcara has bought a 121 MW solar installation in Spain. The German company's acquisition of the Guillena-Salteras project in the south of the country was for an undisclosed fee. Luxcara plans to establish grid connection at the site by Q2 2020 with construction due to begin in the near future. Luxcara has expanded its presence in Spanish solar with its latest acquisition. The facility was initially the result of a reported €80m ($92m) investment and will sell electricity through a power purchase agreement to an unnamed power firm. In addition to its investments in renewable energy, Luxcara's other projects include a wind farm off the coast of Spain that is expected to generate up to 100 megawatts (MW) of electricity.
Luxcara has bought a 121 MW solar installation in Spain. The German company's acquisition of the Guillena-Salteras project in the south of the country was for an undisclosed fee. Luxcara plans to establish grid connection at the site by Q2 2020 with construction due to begin in the near future. The facility was initially the result of a reported €80m ($92m) investment and will sell electricity through a power purchase agreement to an unnamed power firm. In addition to its investments in renewable energy, Luxcara's other projects include a wind farm off the coast of Spain that is expected to generate up to 100 megawatts (MW) of electricity.