Powertis to Develop 2 GW of Solar by 2022

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

construction of the first projects in Brazil will begin in the first quarter of
2020 and all projects will be commissioned before December 2021.

PVTIME - 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 (PPAs) 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.”