FRV's San Serván 220 project, with a capacity of 138 MW, already produces clean energy in Extremadura

• The project consists of three plants -San Serván 6, 7 and 8 – located in the municipality of Solana de los Barros, in Badajoz, and occupies a total area of 256 hectares.

• The three plants will generate up to 289,551,000 kWh/year, equivalent to the energy consumption of 88,500 homes each year and, with this clean energy, 55.014 metric tonnes of CO2 will be saved.

• In the framework of the project, FRV has signed a power purchase agreement with ENGIE and, in this line, Natixis will be the financing entity.

• The project is part of FRV’s continued expansion across Europe and beyond, further strengthening its portfolio of projects now delivering clean energy to communities globally.

Madrid, January 27 2022

Fotowatio Renewable Ventures, part of Abdul Latif Jameel Energy, a world leader in the development of sustainable energy solutions, has started producing clean energy at its San Serván 220 project, comprised of the SS6; SS7 and SS8 plants. With a capacity of 138 MW, the three plants will produce 289,551,000 kWh per year, which is equivalent to the energy consumption of 88,500 homes in a year. Thus, the energy produced will save 55.014 metric tonnes of CO2 annually.

Expanding FRV’s presence in Extremadura, one of the company’s strategic regions in Spain, San Serván 220 is located in the municipality of Solana de los Barros, in Badajoz, and occupies an area of 256 hectares. The plants will also contribute to boost the local economy, with the generation of direct jobs related to operations and maintenance and also indirect jobs associated with the project.

As part of the project, FRV has signed a power purchase agreement with ENGIE and the investment bank Natixis has been responsible for financing San Serván 220 under the modality of project finance.

We are delighted to see a project of the size of San Serván 220 come into operation and start producing the first kWh of clean energy. With this project we are consolidating our presence in a key region with so much potential for solar energy generation such as Extremadura, where we recently announced the construction of another 150MW divided in three photovoltaic plants with Natixis and BBVA as financial partners, and also supported by a long-term power purchase agreement signed by FRV and under the project finance modality.

Fernando Salinas

Managing Director of FRV Iberia

The project builds on FRV’s unique portfolio of clean energy projects operational worldwide. The company is currently driving an ambitious growth strategy, aiming to invest more than US$ 1.5 billion with the goal of doubling total installed capacity from 2 GW in 2021 to 4 GW in 2024.

San Serván 220 is another testament to FRV’s impressive progress in, and commitment to, making clean energy more accessible across key global markets. Through FRV, Abdul Latif Jameel Energy is proud to see this project deliver against local energy needs while contributing to Spain’s broader green agenda.

Fady Jameel

Deputy President and Vice Chairman of Abdul Latif Jameel

ENGIE demonstrates with the signing of this agreement its firm commitment, and its key role as a supplier of renewable energy in line with the Group’s ambition to lead the energy transition towards carbon neutrality, accompanying its customers in their decarbonization objectives and contributing to achieve more sustainable territories, more competitive infrastructures and more efficient industries. This Project is an example of the contribution that ENGIE is making, for the sake of sustainability, in a region with great potential for the development of clean energy such as Extremadura, and in which we hope that ENGIE will continue to contribute with actions such as the Servan Project.

Loreto Ordóñez

CEO of ENGIE Spain

The San Serván 220 project brings FRV closer to its goal of decarbonizing the international energy system and building a more sustainable future in its strategic markets, strengthening its presence in Spain and increasing the sustainability of the national energy mix.