LaCabrita Solar Farm
Project Overview
At a Glance
La Cabrita is a solar power plant near Almería on the southern coast of Spain. The plant is located in the Tabernas Desert, a region with high levels of solar radiation, and began operations in the fourth quarter of 2021. The amount of electricity it generates annually is equivalent to the average electricity consumption of about 20,000 households.
Why is this asset attractive?
Highlights
- A 7-year power purchase agreement with a fixed price for 70% of electricity production provides planning certainty.
- Significantly lower costs for photovoltaic systems and favorable solar radiation conditions yield attractive returns.
- Spain offers an established regulatory framework for investments in renewable energy.
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