Dhamma Energy Mexico works to advance renewable energy

Mar 6, 2023 | News, Press releases

From our offices based in Madrid and México City, we work to advance renewable energy and for the decarbonization of society.

This year 2023 is very special for us, since we will celebrate our 10 years in Mexico!

It has been a decade of achievements, during which we have contributed to the development of renewable energy, and specially solar energy, in the country.

During this time, we have developed a substantial part of the large-scale solar plants that currently supply electricity to the large industry in Mexico, contributing that way to the competitiveness and sustainability of the economy.

Those projects currently in operation represent almost half of a gigawatt of power.

At DH2 Energy, we keep fostering solar energy with our current portfolio of 2.2 GW of solar projects at different stage of development in Mexico.

Transfer of Dhamma Energy’s Spanish and French solar business to energy company Eni completed

Oct 7, 2021 | News, Press releases

Madrid, 7 of October, 2021.- Dhamma Energy’s founders, Mr. Olivier Crambade and Mr. Philippe Esposito, have successfully concluded the transfer of the Spanish and French solar business to Eni gas e luce, a wholly owned company of Eni SpA.

After receiving all required approvals, on Monday October 4^th the full acquisition of Dhamma Energy’s Spanish and French activities by Eni company was completed.

The transaction involves the transfer of a platform with 120 MW of operating solar plants and a solar pipeline of almost 3 GW under development in Spain and France, of which 400 MW are in an advanced stage of development. Dhamma Energy’s Madrid and France-based teams have also joined Eni company.

The photovoltaic developer and independent power producer Dhamma Energy was founded in 2008 by Olivier Crambade and Philippe Esposito and has completed to date the development of 650 MW in solar plants in international markets.

“We are very proud to have successfully concluded the transfer of Dhamma’s activities in Spain and France to Eni. Through this transaction, we transfer a robust portfolio of solar assets that we have generated over the last decade in two promising markets for the energy transition. We would like to thank Dhamma’s team for their excellent work. It has been a great experience to lead Dhamma all these years and we are convinced of having positively contributed to the development of the solar energy sector in both markets”, said Olivier Crambade and Philippe Esposito, who will now pursue their activities in other solar utility-scale markets, such as Mexico, and with their green hydrogen business, that they started in the last years, through the company DH2 energy.

Credit of the picture: Samuel Duplaix

Dhamma Energy reaches a key milestone for the 50 MWp Cerrillares I solar park in Spain

Feb 24, 2021 | News, Press releases

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.