Glennmont Partners’ independent electricity producer BNZ has started building a 473MW solar array in southern Spain.
Two 74MW solar projects in the Cádiz region are the first to start development.
These factories will be built by the Spanish interdisciplinary engineering company Grupotec.
Contracts for the Cádiz cluster’s engineering, procurement, and construction (EPC) have been signed between Grupotec and Glennmont’s IPP, BNZ.
The development phase for the remaining 11 BNZ-managed projects is also ongoing with Grupotec, and they are also getting close to the building stage.
By the end of 2024, BNZ still intends to build a total of 1.5 GW worth of solar PV across southern Europe.
CFO and co-founder at Glennmont Partners, Francesco Cacciabue, said “We are delighted that our partners at Grupotec are ready to start building our first project in Cádiz.”
“The signing of this EPC demonstrates our strong and enduring commitment to driving the energy transition in Spain and across Europe, and will constitute a core component of Southern Spain’s energy mix.”
“This also marks a further successful milestone in Glennmont’s third clean energy investment platform, as we continue to provide both value and security through the renewable assets that we invest in.”
CEO of Grupotec, Cesar Moreyra, said “Our relationship with Glennmont is strengthened every day, with whom we hope to jointly carry out many projects to help achieve the reduction emission objectives that as a company we have set for ourselves.”