Close

Tayan to develop 1 GW of solar projects in Italy, Iberia

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

Air Liquide ELYgator Hydrogen Project in Rotterdam Launched

The Air Liquide ELYgator hydrogen project marks a big...

Finland Leads Clean Energy with world’s largest Sand Battery

Finland turned on the world's largest sand battery this...

Trinasolar Solaris Energy Partnership Powers Sri Lanka Solar

The Trinasolar Solaris Energy partnership brings together a global...

Scatec Solar Project South Africa Secures 846MW Capacity

The Department of Electricity and Energy (DEE) in South...

Tayan Energy, a joint venture (JV) between China’s Shanghai Electric and Spain’s Eland Private Equity, will develop more than 1 GW of solar photovoltaic (PV) projects in Italy, Spain and Portugal.

The company announced on Monday that it will invest around EUR 700 million (USD 778.2m) in this phase of the venture. Construction in all three markets is scheduled to commence in the first quarter of 2021.

In Portugal, Tayan has partnered with local firm Inovolt to co-develop 650 MW of projects, with plans to start building a 300-MW solar park in early 2021, including 15 MWh of energy storage.

Joining Isemaren Energy Solutions in Spain, Tayan has placed EUR 50 million in grid deposits. Currently, it has 400 MW with grid confirmed and nearing the ready-to-build stage in the country.

In Italy, Tayan has teamed up with Limes Renewable Energy, having recently acquired 55 MW of projects from the Italian firm. Additionally, the two companies are jointly developing 330 MW of local projects.

“This represents the first phase of the JV’s objectives and we are pleased with progress so far. Tayan is now concentrating on solar PV and battery energy storage hybrid models. We are considering various storage projects in the UK which is the most developed market in Europe and template for the future,” stated Andrew Macdonald, Tayan joint CEO.

Latest stories

Related stories

Air Liquide ELYgator Hydrogen Project in Rotterdam Launched

The Air Liquide ELYgator hydrogen project marks a big...

Finland Leads Clean Energy with world’s largest Sand Battery

Finland turned on the world's largest sand battery this...

Trinasolar Solaris Energy Partnership Powers Sri Lanka Solar

The Trinasolar Solaris Energy partnership brings together a global...

Scatec Solar Project South Africa Secures 846MW Capacity

The Department of Electricity and Energy (DEE) in South...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back