• 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.
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.
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.