re:cap global investors buys Spanish solar park for FP Lux Investments fund

FP Lux Group is adding a Spanish photovoltaic project to the portfolio of its third renewable energy fund RE Infrastructure Opportunities.

The “El Marqués” solar park is located in the north-east of the country and consists of more than 30,000 modules covering an area of almost 20 hectares. 365 trackers enable the modules to be optimally aligned with the position of the sun from morning to evening in order to maximise electricity production. With a total output of 12.3 MW, the park is expected to produce around 20 million kilowatt hours of green electricity per year.

This will supply about 6,500 households and save about 13,500 tonnes of CO2 per year. El Marqués already went online in the 1st half of 2020 without feed-in tariffs.

Instead, there is a long-term power purchase agreement with a local subsidiary of the Swiss energy provider Alpiq.