Spanish diversified corporate group Enhol is set to invest EUR 64 million (USD 69.2m) in the construction of two solar farms in its native region of Navarre, northern Spain.
The Navarre-based family-owned company said that it has signed a project finance agreement with Dutch lender Rabobank to realise the projects.
These are Ebro I, with a capacity of over 52.33 MWp, and La Nava, which will reach 52.42 MWp. Both solar farms are currently under construction. Enhol expects them to commence operation in the first quarter of 2025.
Once online, the pair will generate approximately 200.97 GWh of electricity annually.
Key duties on the projects were entrusted to Grupo Enhol’s companies. Enhol's subsidiary, Inver Renewables Management, is in charge of development, engineering, construction, and asset management, while Magma Mantenimiento, another group subsidiary, will be responsible for maintenance of the plants during their operations phase.
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