Spanish diversified corporate group Enhol is set to invest EUR 64 million (USD 69.2 million) in the construction of two solar farms in Navarre, northern Spain. The family-owned company has signed a project finance agreement with Dutch lender Rabobank to fund the projects.
The solar farms, named Ebro I and La Nava, will have capacities of over 52.33 MWp and 52.42 MWp, respectively.
Both projects are currently under construction and are expected to commence operations in the first quarter of 2025. Once operational, they will generate approximately 200.97 GWh of electricity annually.
Enhol's subsidiaries will play key roles in the projects. Inver Renewables Management will handle development, engineering, construction, and asset management, while Magma Mantenimiento will be responsible for maintenance during the operational phase.
Enhol noted, “Key duties on the projects were entrusted to Grupo Enhol's companies.”
