Nexwell Power completes construction of 6,63 MW solar power PV plant in Jaén, Spain
The plant is projected to avoid the emission of more than 5,600 metric tons of CO2 in the first full year of operation
LONDON, U.K. December 2024. Nexwell Power announced today that it has completed construction and commissioning of its Guarromán project, a 6,63 MW Solar Power PV located in Baños de la Encina, Jaén, Spain.
The plant is the last one in complete construction of the Iberia Solar II Portfolio which consists of seven projects with a total installed capacity of 46 MWp located in Andalusia and Extremadura.
Osmos Sistemas Eléctricos in a joint venture with Vázquez y Reino provided the procurement and construction works under an EPC agreement, with project financing provided by Rabobank.
The facility will feature solar panels with follow the sun technology to optimizes sunlight exposure and maximizes production, which will reach 14 GWh of energy per year, equivalent to the energy consumption of 4,000 households.
Avoided CO2 emissions for the Guarroman plant is projected to exceed 5,600 metric tons in the first full year of operation.
Accelerating innovative low-cost renewable solutions is central to Nexwell Power’s core strategy to displace and reduce 1 billion tons of CO2 over the next decade while delivering clean, reliable long-term energy to its customers.
* This press release has been prepared for the purpose of announcing to the public certain activities of Nexwell Power and the Nexwell Group, and not for the purpose of soliciting any investment. This press release does not constitute any offer or solicitation to purchase or subscribe any security, including but not limited to notes referenced herein, in any jurisdiction.
Nexwell Power, an institutional-grade platform of Nexwell Group, is a next generation IPP focused on developing and operating flexible renewable infrastructure assets to address customer needs.
Nexwell is an investment platform committed to decarbonization. Founded in 2019 by industry veterans, Nexwell partners with and invests in high-potential companies to accelerate their growth and impact. With extensive operating experience and connections, Nexwell provides capital, strategic guidance, and access to a global network. For further information, please visit https://nexwell.com/
