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60 MW PV plant to be built in Spain without FIT

Spain’s Solaria starts work on EUR 60m plant without feed-in tariffs

The PV plant is being built in the province of Toledo, Spain
The PV plant is being built in the province of Toledo, Spain

A 60 MW PV plant is being built in Spain without feed-in tariffs (FIT). Spanish firm Solaria Energía y Medio Ambiente, SA, has started the development of a 60 MW PV field plant in the area of Calera y Chozas, in the province of Toledo in Spain, for which it will not receive any feed-in tariffs.
The plant will dump its output into the local grid at the corresponding market tariff, with no economic incentive and therefore competing with traditional energy sources. The project is part of the generation investment plan that the company has for 2012 to 2015.
Solaria will carry out the development, engineering and management of the project, providing also its second generation high efficiency modules, as well as its leadership and technology in the photovoltaic sector. The total project investment is estimated at EUR 60m.
The company said: “Solaria shows its commitment to the Spanish market where the grid parity is becoming a reality and where PV energy is already a mature technology, capable of compete with traditional energy sources.”