This represents an outstanding investment opportunity to acquire a 100% equity stake in a hybrid project consisting of 7,7 MWp / 7,7 MWn of solar PV capacity together with 4 MW of BESS, located in the region of Badajoz, Spain.
Under construction Status: Will reach COD in the coming months, while the BESS will reach RtB by Q2 2027.
Significant Upside Potential: The design allows for the seamless integration of a future Battery Energy Storage System (BESS) without interrupting current production, offering a critical avenue for value enhancement.
General Information
Technology: Solar PV, BESS
Total Installed Capacity: 11,7 MWp
Location: Spain (Badajoz)
Other Details: With a strong specific yield of 2.113 h, Project Hayek is already in operation and has hybridization potential for a future BESS installation.
Solar PV Details & Design
- Installed Capacity: 7,7 MWn / 7,7 MWp
- Specific Production: 2.113 h
- Development Status: COD
- Commercial Operation Date (COD): Q1 2026
- Panel Configuration: 2V
- Module Power: 440 W
- Type of Structure: 1-axis-tracker
- Pitch Distance: 12 m
- Module Type: LR4-72 HIH
BESS Details & Design
- Installed Capacity: 4 MW
- Hours Cycles: 2,5 h
- Development Status: Early Greenfield
- Ready to Build (RtB) Date: Q2 2027
- Commercial Operation Date (COD): Q4 2027
- Injection Capacity: 4 MW
- Consumption Capacity: 4 MW
- Storage Capacity: 10 MWh
- Storage Technology: Lithium Iron Phosphate (LFP) Battery
Land Rights
- Land Surface: 19,1 ha
- Land Types: Rental
- Land Price: 1.150€/ha
- Land Contracted Percentage: 100 %
- Land Contract Duration: 40 years
- Land Comments: The land lease agreements include renewal periods of 5 years each, with a maximum total extension period of 5 years.
- Expropriation Status: Obtained
- Expropriation Expected Date: Q4 2020
- Expropriation Comments: No further DUP info at this stage.
Financials
- Energy offset: Merchant
- Energy offset Details: The execution of a PPA will be responsibility of the buyer.
- Financial details: The project has no debt in place.
- Other Comments: Potential financing will be responsibility of the buyer
NOTE: The Buyer is required to execute a Fee Agreement stipulating a commission rate of 2.25% of the final transaction value, payable upon closing.
Listing URL: https://mergerscorp.com/property/7-7-mw-hybrid-solar-pv-project-with-4-mw-battery-energy-storage-system/
Currency: USD
Target Price / Revenue: TBD
Target Price / EBITDA: TBD
