FCC Acquires Two PV Plants in Spain

FCC has acquired two solar photovoltaic (PV) plants in Cordoba, Spain with an installed capacity of 20 megawatts (MW), from Sky Global Solar. The investment amounted to EUR 140 million [US $195 million]. This is FCC’s second investment in renewable energy in less than a month. It also bought 14 wind parks with an installed capacity of 420 MW from Australian company Babcock & Brown Wind Partners (BBW).

These two transactions are part of the company’s Strategic Plan 2008-2010, the company said. All energy assets will be grouped into a new business unit called FCC Energía. The two PV plants will generate 38 million kWh/year.

The two plants were built by Espelsa, an FCC Construcción subsidiary dedicated to electrical, photovoltaic and renewable energy projects and installations, and the construction and maintenance of distribution networks and substations.

Both plants qualify for the Spanish feed-in tariff and are being grid-connected this month. The current level of the tariff in Spain is €0.435/kWh [US $0.60/kWh]. 

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