Three of our Spanish solar projects have been sold

Three of our Spanish solar projects have been sold

At the beginning of August, Hive Energy completed the sales of three solar projects located across Spain. The buyer now has full ownership of all three photovoltaic projects, with a total of 64.53 MW DC capacity. Hive will continue to work alongside the new project owner as developers for the solar farms until all sites reach ready to build [RTB] status.

The Rocio development is located in Almonte and will have 31.99 MW DC capacity once built – providing enough electricity to power around 18,000 homes per year. The Rocio site will be the first to reach ready to build from the three developments, with RTB status expected later this month, August 2022.

As well as Rocio, the additional two sites are in La Palma del Condado, Huelva. Palma is a 24.7 MW DC site, which will have the capacity to support around 14,000 homes a year. Pedregal is a 7.84 MW DC development which will generate power for approximately 4,500 homes annually. Both parks are expected to reach RTB status by the end of 2022, with construction anticipated shortly after.

Hive Energy already holds an impressive portfolio of completed solar developments across Spain. Including the three recent project sales, Hive now has 14 sold solar developments in the country, with a total of 1,076.05 MW capacity. In addition to Spain, the company has completed a further 32 projects globally, amounting to 829.50 MW DC.

In Spain alone, Hive is developing a solar pipeline of 379 MW, with an added green hydrogen pipeline of up to 9 GW in the country. Hive’s global pipeline, outside of Spain, encompasses 16 GW of projects across Europe, Latin America, Canada, and Africa. The technologies used across these projects will be a mix of photovoltaics, wind, green hydrogen, and green ammonia, giving the company a holistic standing in the global renewable market.

Luis Martínez Hermida, Hive Spain Country Manager, commented on Hive’s clean energy developments across the country: “I am really pleased to have completed this deal. Hive Spain already has a strong portfolio of sold and pipeline projects; it’s fantastic that we can continue striving forward in renewable energy development and construction across the country. We have a strong understanding of the photovoltaic industry in Spain and to grow on our success we are now working on developing green hydrogen across the region too. I look forward to seeing Hive support Spain’s renewable energy transition even further in coming years.”