Luxcara, one of the leading asset managers for renewable energy investments, has acquired another solar project in Andalusia in Southern Spain. The solar project Utrilla is situated adjacent to the solar farm El Salobral, whose acquisition Luxcara announced at the end of 2017. A projected capacity of 30 MW leads to a total capacity of 75 MW by the sister parks El Salobral and Utrilla.
Due to differences in topography, tracker systems will be used for Utrilla, which adjust the solar modules according to the altitude of the sun, thereby leading to optimized returns. Connection to the grid is planned for the second half of 2020.
“The immediate vicinity of the two solar farms allows us to create considerable synergies. For example, the substation of El Salobral will be used by Utrilla as well”, explains Dr. Philip Sander, Managing Partner of Luxcara.
The solar farms El Salobral and Utrilla were developed by the project developer Hive Energy. They are part of a portfolio for institutional investors.
Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.
Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 2 gigawatt and an investment volume exceeding 3 billion euros. With this outstanding track record, Luxcara is one of Europe’s most experienced asset managers for renewable energy investments.
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