Powertis To Develop 2 GW Of Solar By 2022

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The solar developer of large-scale projects will install 1 GW in Brazil and develop 1 GW in Spain over the next three years.

Powertis, developer of large-scale PV projects in Europe and Latin America, will develop 2 GW of solar PV over the next three years between Brazil and Spain, 1 GW per country.

Headquartered in Madrid and less than a year old, Powertis has secured power purchase agreements for 1 GW in Brazil. In addition, Powertis is entering into the Spanish market where offers turnkey services ranging from feasibility study to project financing.

“In less than 15 seconds, enough energy from the sun reaches the Earth to keep the world running using clean energy. For this reason, we are convinced that the future will be solar. At Powertis, we focus on large projects that use the latest technology, minimizes the cost of solar, and let us negotiate sophisticated bilateral contracts, with the ultimate goal of offering a guaranteed and sustainable return to our investors,” says Pablo Otín, CEO of Powertis.

The construction of the first projects in Brazil will start in the first quarter of 2020 and the entire portfolio, which exceeds 1 GW, will be connected to the grid before December 2021. “Our main goal is to establish Powertis as the leading company in the bilateral market in Brazil”, states Otín. He also adds that this country, together with Spain, are two of the most active regions in the global PV market in bilateral PPAs. “We are taking advantage of these opportunities to showcase our team’s unique knowledge when it comes to contract and finance this type of projects.”

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