SUBSCRIBE
PROFILE

ERG strengthens its solar presence in Spain

ERG's acquisition of the Garnacha solar park marks a significant strategic expansion in Spain, enriching the European energy landscape.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Garnacha solar park, recently added to ERG’s portfolio, boasts a capacity of 149 MWp and advanced technology. It is currently in its final commissioning phase, having already generated around 15 GWh.

Technological and Environmental Innovation

Garnacha is equipped with bifacial panels and a solar tracking system, optimizing its energy efficiency. With a load factor of 22% and an estimated annual output of 280 GWh, the park will make a significant contribution to reducing CO2 emissions.

Impact of PPA and Investment Outlook

A 12-year PPA guarantees the sale of 70% of the electricity generated, reflecting market confidence in this type of project. ERG’s future investment plans in Spain indicate a strong commitment to the renewable energy sector.

ERG has made a major transition in its business model, from an oil-focused company to a leader in renewable energy production. Its presence in several European countries and its recent investment in the Garnacha park testify to its dynamic strategy and commitment to sustainability.

  • Popular on energynews.pro
IEA cuts 2026 oil surplus forecast to 3.84 million barrels per day
Drax to invest up to £2bn to transform coal power station into data centre
China confirms 2026 for Linglong One, the world’s first land-based SMR
US seizes oil tanker off Venezuela as Caracas denounces an act of aggression
BlackRock sells 7% stake in Naturgy for €1.7bn
Scatec commissions second 60 MW solar phase in Botswana
Scatec has begun commercial operation of the second phase of its 120 MW solar project in Mmadinare, marking a strategic step in Botswana’s energy sector.
Origis Energy secures $290mn financing for two solar projects in Texas
Origis Energy finalised a $290mn financing with Natixis CIB and Santander for the Swift Air Solar II and III projects, totalling 313 MWdc of installed capacity in Ector County, Texas.
ACWA Power and Bapco Energies launch 2.8 GW cross-border solar project
ACWA Power and Bapco Energies signed a joint development agreement for a solar power plant integrated with storage technology in eastern Saudi Arabia, to supply electricity to Bahrain.
Tilley Solar project enters service with 23.6 MW in Alberta
The Tilley Solar project, led by Indigenous and private partners, has reached full commissioning, adding 23.6 MW to Alberta's power grid and marking an economic milestone for Alexander First Nation.
Waaree secures 288 MWp order for two solar projects in Texas
Waaree Solar Americas will supply next-generation bifacial modules to Sabancı Renewables for two utility-scale solar plants in Texas, strengthening its presence in the North American market.
US court clears ECA Solar to proceed with contested solar development project
A court in Illinois has dismissed a lawsuit filed against ECA Solar, removing legal barriers to the construction of a planned solar facility outside the city limits of Morris.
EDF power solutions joins a 1.1GW solar and storage project in Egypt
EDF power solutions acquires a 20% stake in Obelisk, a 1.1GW hybrid solar and storage project in Egypt led by Scatec and Norfund, marking a new milestone in its regional strategy.
Mitsubishi HC Capital Energy and Ecokaku to build 10 MW of non-FIT solar per year
Mitsubishi HC Capital Energy and Ecokaku will develop 10 MW of non-subsidised solar power plants annually in Japan, targeting direct contracts with industrial buyers through long-term power purchase agreements.
NU E Power raises $1.8mn to develop solar projects and launch international studies
Canadian company NU E Power plans to fund the development of its solar projects in Lethbridge and feasibility studies in Mongolia, Malaysia, and Africa through a $1.8mn private placement.
CREC secures PHP3.975bn from BPI to complete 113MW solar project in the Philippines
Citicore Renewable Energy Corporation signed a PHP3.975bn ($71mn) project finance loan with Bank of the Philippine Islands to accelerate the completion of its 113MW solar power plant in Pangasinan province.
United States adds 11.7 GW of renewable capacity in Q3 despite uncertainty
U.S. clean energy capacity growth hits quarterly record, but industry players raise concerns over a slowing market amid regulatory instability.
Scatec begins operations at Grootfontein solar plant in South Africa
Norwegian producer Scatec launches commercial operation of its 273 MW solar plant in Western Cape under a 20-year power purchase agreement.
Scatec sells 40% of Obelisk solar project in Egypt to Norfund and EDF
Scatec has signed two shareholder agreements for its 1.1GW hybrid project in Egypt, reducing its economic interest while retaining operational control.
Solarwatt France takes legal action after the collapse of the residential solar market
The French subsidiary of Solarwatt has filed for court-ordered restructuring, hit by reduced public subsidies and a downturn in the residential solar segment.
Promigas acquires 3.5 GW of solar assets from Zelestra in Latin America
Zelestra sells its Latin American platform to Promigas, including 1.4 GW of operational or under-construction assets and 2.1 GW of advanced-stage projects in Chile, Peru and Colombia.
143 US solar companies call for end to federal permitting freeze
Over 140 solar sector companies have urged Congress to lift a directive from the Department of the Interior blocking permit approvals, putting hundreds of energy projects in the United States at risk.
GreenYellow et PTP Ibérica lancent un terminal logistique énergétique majeur à Cadiz
Un terminal portuaire en Espagne alliera réfrigération industrielle haute performance et production solaire pour optimiser les coûts énergétiques et les capacités logistiques de PTP Ibérica, avec un démarrage prévu d’ici mi-2026.
Japan Semiconductor signs power purchase agreement for 7.8MW floating solar plant
Toshiba’s subsidiary commits to acquiring non-fossil certificates from a floating solar power plant operated by OTS in Japan, under a virtual power purchase agreement coordinated by Digital Grid.
Terra-Gen secures $383.3mn for Lockhart III & IV solar project in California
Terra-Gen has closed $383.3mn in financing for the construction of its Lockhart III and IV solar units, adding 205 MW to California’s grid with commercial operations expected in 2026.
Ecoplexus secures $300mn financing to accelerate US solar projects
US developer Ecoplexus has closed a $300mn financing deal with KKR and SMBC to support over 13GW of solar and storage projects under development across the country.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.