Soltec signs 234 MW contract with Statkraft for four plants in Cádiz
The project, which includes the construction of four photovoltaic plants, will generate 500 GW/h of clean energy per year and avoid the emission of 120,000 tonnes of CO2 per year.
With this agreement, Soltec continues to strengthen its backlog, which closed the first quarter of 2021 at record levels.
Soltec announces the signing of a contract for the supply of SF7 bifacial solar trackers with Statkraft for the construction of four photovoltaic plants in the province of Cadiz, Spain, with a total installed capacity of 234 MW.
Three of the four plants will be installed in San José del Valle -Arenosas, el Yarte, la Guita- and a fourth one in Malabrigo, in Jerez de la Frontera. With this project, whose execution is scheduled for 2021, Soltec continues to consolidate its presence in Spain with Statkraft, contributing to the transformation of the energy model in our country.
Soltec will supply SF7 bifacial trackers, which thanks to their technology are able to adapt better to the terrain, and with higher energy production thanks to the TeamTtrack system validated by TÜV Reihnland.
The project, like all projects in which Soltec Power Holdings is involved, is strongly committed to the local communities in the region, and to the environment. The four plants will generate 500 GW/h of clean energy per year and avoid the emission of 120,000 tonnes of CO2 per year.
In addition, with these projects Statkraft will give a strong boost to local employment in the region, through the creation of more than 500 jobs.
Raul MoralesChief Executive Officer of Soltec Power HoldingsTheWe are very pleased with the signing of this new contract with Statkraft. This milestone reflects Soltec's commitment to the Spanish market, which is where the company was born, and of course, to the energy transition and the goal of achieving zero carbon emissions by 2050.. For Soltec, the economic and social development of the local communities in which the project is located is a priority and we are delighted to collaborate economically and socially with the region and its communities".
Statkraft points out: "The project in Cadiz will be accompanied by a strong environmental and social commitment, and doing it hand in hand with Soltec, a company with solid values and commitments, is undoubtedly a guarantee. If we add to this the technology that the company offers to the market, it becomes the perfect partner to develop this project".
With this agreement, Soltec continues to reinforce its operating backlog, which continues to strengthen and reach record levels for the company. According to the figures at the end of the first quarter of the year, Soltec Industrial had a backlog of 306 million euros and a pipeline valued at 2,667 million euros.
It should be noted that Soltec recently announced for the Spanish market the signing of another contract for the supply of solar trackers, as well as construction services with Endesa, for the development of three photovoltaic plants in Extremadura, with an installed capacity of 142 MW. This agreement will mean the creation of more than 450 employees in the region, promoting the hiring of local labour, as established in the company's Sustainability Plan.
About Soltec Power Holdings
Soltec Power Holdings is a leading company specialising in integrated solar PV solutions with a focus on solar tracking systems and a strong commitment to innovation.
Based in Murcia, Spain, the company started its career in 2004 and has a diversified geographic presence focused on Spain, North America and Latin America. It is present in 16 countries with more than 1,207 employees. Since its incorporation, Soltec has supplied trackers for projects with a total of 8.6 GW of installed capacity at the end of the first quarter of the 2021 financial year. The company has been listed on the Spanish Continuous Market since 28 October 2020 under the ticker 'SOL'.
About Statkraft
Statkraft is a leading international hydropower company and the largest generator of renewable energy in Europe. The Group produces hydro, wind, solar, gas and district heating. Statkraft is a global energy market management company and has 4500 employees in 17 countries.