Abdul Latif Jameel Energy’s FRV San Serván 220 project already producing clean energy in bid to support Spain’s green agenda
- 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 tons 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.
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, comprising 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 tons 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 eight direct jobs related to operations and maintenance and a total of 10 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 the project.
Fernando Salinas, Managing Director of FRV Iberia, stated:
“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 three more photovoltaic plants with Natixis and BBVA as financial partners”.
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.
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel, commented on the project:
“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”.
Loreto Ordóñez, CEO, ENGIE Spain, stated:
“With the signing of this agreement, ENGIE demonstrates its important role as a renewable energy supplier in line with the Group’s ambition to lead the energy transition to carbon neutrality. We are committed to supporting our customers in meeting their decarbonization objectives and driving sustainability across key territories, while contributing to more competitive infrastructures and more efficient industries. This Project is an example of our contribution to the development of clean energy in a region with great potential, and we hope to continue delivering clean energy solutions across Spain with projects like San Servan.”
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.