Soventix sells Spanish solar carport to Vela Energy
More than 2 years after finalizing the installation of a solar carport on parts of the parking areas at Warner Brothers Movie Park close to Madrid, Soventix GmbH managed to sell the project entity to a local equity fund despite the ongoing crisis in the Spanish economy and the solar industry specifically. The sales price was at the upper end of Soventix own expectations.
The solar carport consists of 10,260 modules and produces around 3.2 million kilowatt hours of solar energy per year, representing the energy demand of approximately 1,200 households and carbon savings of 1,700 tons per year. As a positive side-effect to the clean energy production the Movie Park offers shaded parking for its customers on an area of 4.5 hectares.
Soventix' responsibility included all aspects of the project realization including the development and planning, the construction as well as its operation and maintenance. The work load was relatively high due to the carport structure; however, after all the project provides a secondary advantage for the landlords customers and shows that the realization of projects in Spain is still possible despite the changed and deteriorated circumstances.
Thorsten Preugschas, managing director of Soventix GmbH, emphasizes: "The project was a great challenge for us, given the technical, administrative and permitting hurdles to manage during a difficult period for the whole European solar industry. Retrospective changes in feed-in tariffs made it almost impossible to sell or finance any kind of plant in Spain for a long time. However, our persistence paid off in the end so that we are very proud about this success."
About Vela Energy:
Vela Energy, S.L., headquartered in Madrid (Spain), is a newly formed energy company sponsored by Qualitas Equity Partners, S.A., S.G.E.C.R.. The company's mission is, together with other international institutional investors, to acquire and operate renewable energy generation assets in Southern European countries.
Soventix GmbH with its headquarter in Wesel (Germany) and locations in UK, Chile, South Africa, Canada, USA and Dominican Republic develops, plans, constructs and manages solar plants worldwide. Its know-how in the solar industry and the support of internationally recognized premium manufacturers enables Soventix to realize high-performing photovoltaic power plants and to provide a variety of services including planning and development, financing and management, as well as service and operation.