EiDF Solar acquires 10 Madrid PV parks for 63 MW development

Nagini Energía planned to market energy from 10 Madrid PV parks after EiDF Solar invested €6.2M, adding 63 MW capacity and expanding its portfolio.

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EiDF Solar secured over 93 hectares for 63 MW photovoltaic projects in Madrid, which were expected to reach ready-to-build status between 2025 and 2026. Image Source: EiDF Solar

EiDF Solar secured over 93 hectares for 63 MW photovoltaic projects in Madrid, which were expected to reach ready-to-build status between 2025 and 2026. Image Source: EiDF Solar

Spain-based EiDF Solar is a national self-consumption company has acquired 10 photovoltaic parks in the Community of Madrid. The investment is over €6.2 million (~$6.36 million). The Group will manage more than 93 hectares. The planned capacity is nearly 63 MW of solar energy. These projects are in the development phase. They are waiting for permit approvals. They are expected to reach ready-to-build status between 2025 and 2026. The acquisition follows EiDF's Strategic Plan. The plan focuses on owning assets. It also aims for long-term profitability. Once operational, the energy generated will go to the grid. It will be sold through Nagini Energía. 

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