Nexwell Power starts the construction of a new 6MW solar plant in Merida
It will be the third project of the group in Extremadura and it is expected that it will produce 13 GWh of clean energy per year
LONDON, U.K. December 2023. Nexwell Power, one of the Nexwell Group’s institutional-grade platforms focused on accelerating the energy transition, announces the start of construction works of a new photovoltaic project in the municipality of Merida, corresponding to the Iberia Solar II portfolio, which will have a installed capacity of 6.63 MW.
The portfolio will consist of 7 projects with a total installed capacity of 46 MW and will be located in Andalusia and Extremadura.
The construction is in charge of Osmos Sistemas Eléctricos and Vázquez y Reino, in a joint venture, which will also carry out the construction of the rest of the photovoltaic projects of the portfolio.
Accelerating innovative low-cost renewable solutions is a key activity within Nexwell Power’s strategy to reduce CO2 emissions, contribute to improving the environment and defend biodiversity while providing long-term clean and safe energy. Avoided CO2 emissions from the Merida project is projected to exceed 5,000 metric tons in its first full year of operation.
* 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/
