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14 MAR 2019 | El Confidencial

Univergy International and Green Investment Group (Macquarie) launch the platform Nara Solar in order to develop solar projects with an initial portfolio of 700 MW

nara

• University International and Green Investment Group (GIG) of Macquarie announce the creation of the joint venture “Nara Solar”.

• Nara Solar will specialize in the development of photovoltaic solar energy projects focused on small and medium companies, and large public service companies.

• Its headquarters are established in Madrid and will operate throughout Europe with the development of an initial portfolio of more than 700 MW in Spain, France and the Netherlands.

 

 

The Spanish-Japanese company University International and Green Investment Group (GIG) of Macquarie have established the company “Nara Solar”, a 50% joint venture, for the development of photovoltaic solar energy projects for small and medium companies, and large public sector companies in the entire European map.

Nara Solar will initially develop the current European Univergy International portfolio of more than 35 projects in Spain, France and the Netherlands, which rises to a total of 700 MW. Its headquarters are in Madrid and it has operations managed from its four offices in Spain, as the Spanish market will be the essential base for Nara Solar, where it expects to triple the capacity of its current Spanish portfolio in the next year.

Nara Solar will initially develop the current European Univergy International portfolio of more than 35 projects in Spain, France and the Netherlands, which rises to a total of 700 MW. Its headquarters are in Madrid and it has operations managed from its four offices in Spain, as the Spanish market will be the essential base for Nara Solar, where it expects to triple the capacity of its current Spanish portfolio in the next year. Likewise, the European market will offer important opportunities for the development of photovoltaic energy, as it is planned to install more than 93 GW of new solar energy capacity throughout Europe between 2018 and 2022, with more than 8 GW in Spain, which means an annual growth rate of 21% in Spain.

Solar energy is currently one of the most economical forms of renewable energy in all of Europe and the first solar projects supported by PPA without subsidies in Spain were launched in 2018.

Yago Acón, CEO of Nara Solar, has said that “the European solar market is preparing for a period of relevant growth, especially in Spain, where the cost fall has stimulated an awakening of the industry. It is an important moment to create a new solar development platform that will generate new investment opportunities and help stimulate the growth of solar energy throughout Europe. “On the other hand, Ignacio Blanco, president of UNIVERGY International, said that “the decisions of the Governments of Spain, France and the Netherlands for photovoltaic renewable energy are so evident that the commitment of Univergy and GIG for Europe through the creation of “Nara Solar”, will be a decisive step that will make us leaders to face future projects in those three countries based on the extensive experience of our companies.” This way, Univergy intends, with greater strength, thanks to the creation of “Nara Solar”, to finally consolidate its implementation and presence in Europe, after its consolidated presence in Spain, France and the Netherlands, where it has a stable structure and means for the development of large renewable projects with their own offices.

About Green Investment Group (GIG): Green Investment Group Limited (GIG) is a specialist in the development and key investments in green infrastructure projects. His career of successes, experience and capabilities make it a leader in green investment, dedicated to helping the growth of the green economy worldwide. As part of the Macquarie Group, it is one of the largest teams in the world of specialized green investors. 

www.greeninvestmentgroup.com 

 

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