Ferrovial, through its Energy Infrastructure and Mobility division, has reached an agreement with a major developer group to acquire two solar photovoltaic projects with a total installed capacity of approximately 100 MWp. The purchase agreement is subject to the customary conditions precedent.

Ferrovial is to invest €75 million in building these projects in Andalusia (Spain). The company is currently completing construction of the 50 MWp El Berrocal plant in the region, which is expected to start operations in the second quarter of this year.

The projects have all the necessary permits for construction, which is expected to commence between the second and third quarter of this year, and it is projected to become operational in the second half of 2024. The two plants will employ between 250 and 300 skilled workers in the construction phase.

The two projects will comprise 154,000 bifacial photovoltaic modules on single-axis trackers. Because the location receives a high level of solar radiation, they will be able to inject an estimated 210 GWh/year of electricity into the grid, equivalent to the electricity used by approximately 60,000 homes. They will also contribute to reducing CO₂ emissions by over 33,600 tons per year.