Hive Energy in Spain
Hive Energy is currently working on a pipeline of 1GW of solar developments in Spain; among which the firm currently owns 896MW of grid capacity secured with Red Eléctrica de España spread across 14 solar projects.
Hive Energy in Spain provides specialist solar project development and offers services including:
- Sourcing financing from international investors
- EPC Selection
- EPC Contract Management
- Cost Optimisation
- Project Management
- Commissioning of Solar Parks
- O&M Contract Negotiation
The Spanish solar market holds great opportunities for growth and is without a dependency on subsidies. Spain has the highest irradiation in Europe at 2,150kWh/kWp (compared to UK with 950kWh/kWp or Germany with 1,070kWh/kWp), however the potential of Spain’s solar market is yet to be fully realised. In total the PV installed capacity in Spain is 4.5GW vs. 12GW in UK or 40GW in Germany (both of which are lower irradiation countries). This growth potential together with the lowering costs of materials and overheads, means that Spain is likely to achieve grid parity relatively quickly.
Hive Energy is a member of Spain’s Union Espanola Fotovoltaica (UNEF); the independent association for Spain’s photovoltaic sector.
Luis Martinez Hermida
General Manager – Spain & Argentina
With 10 years experience in investment banking and renewable energy, across the US, Latin America and Europe, Luis now manages new solar opportunities for Hive in Spain.
Hive Energy Spain
Luis Martinez Hermida, General Manager
+44 (0)1794 324343