Gransolar Group's EPC contractor, GRS, has finalized an agreement with Everwood Capital to construct the 167MWp Carmen photovoltaic (PV) project in Seville, Spain. This initiative marks a significant milestone for GRS in the Spanish market, where the company boasts a portfolio of nearly 40 projects developed over the last two decades.
The Carmen project, located in Carmona, will consist of a cluster of four photovoltaic plants, requiring the installation of more than 230,000 PV modules across a project area of 270 hectares. Upon completion, this will become GRS's largest installation in Spain to date, surpassing previous projects such as the 123MW Carmonita Norte, 50MW Desafío Solar, and 50MW Las Naranjillas photovoltaic plants, all situated in the province of Seville.
This development reaffirms GRS's commitment to the Iberian Peninsula as a key market, where the company is also engaged in two additional large-scale projects in Spain and Portugal.
Hugo Álvarez, Managing Director of Everwood Capital, remarked that the Carmen project represents a significant advancement in the investment strategy of their V Fund, as it is a large-scale initiative situated in one of Spain's regions with the highest solar radiation. He noted that GRS was selected after a competitive bidding process, praising their technical and economic proposal as the best fit for the project. Álvarez expressed confidence in GRS, citing successful past collaborations.
Jordi Vega, Chief Operating Officer of GRS, emphasized the company's unwavering commitment to each project in Spain, reflecting the same enthusiasm they had when they began investing in photovoltaic energy nearly 20 years ago. He expressed gratitude for Everwood Capital's trust, stating that the Carmen project will exemplify their dedication to excellence in renewable energy development.
