Madrid, February 24, 2021.- Dhamma Energy welcomes the environmental approval for the 50 MWp solar plant Cerrillares I located in the Region of Murcia, in Southern Spain, which is a key milestone towards making the project ready to build.

International solar developer Dhamma Energy holds a majority stake of the Cerrillares I project, in which Zavi Propiedades is also a partner.

“Spain is currently one of the most attractive markets for solar plants in the world, it has an excellent solar irradiation and an exceptional human capital. Dhamma Energy, whose headquarters are based in Madrid, holds a pipeline of 700 MWp of solar parks at different stages of development in Spain,” said Olivier Crambade, Dhamma Energy’s Co-founder and CEO.

The solar park Cerrillares I is located in the municipality of Jumilla, in the Region of Murcia. Construction will start in the second semester of the year and commissioning will take place in 2022.

The solar park spreads over 95 ha of land and, once in operation, will generate 97.5 GWh per year, which is equivalent to the consumption of 30,000 households.

“The environmental approval of the solar park Cerrillares I highlights our know-how of the development process and especially of the administrative processes in Spain, where we hold a significant pipeline under development. The electricity produced by the solar park Cerrillares I will be clean and competitive, and we are advancing in its commercialization, which will be through PPAs as well as directly through the wholesale market,” said Dhamma Energy’s Deputy CEO Nicolas Fasquelle.

About Dhamma Energy

Dhamma Energy, headquartered in Madrid (Spain), develops, finances, builds and operates solar power plants. To date, Dhamma Energy has fully developed 650 MWp of solar projects, most of them located in Mexico and France. Dhamma Energy has currently a pipeline of over 3.5 GWp under development in Europe and Latin America.

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