Two new solar farms with a total capacity of 88 MW: RWE expands its renewables business in Spain

• Commissioning planned in 2022
• Bifacial module technology increases production
• Green electricity to supply the equivalent of 61,000 Spanish homes

RWE is making good progress in expanding its solar business in Europe: Having recently commissioned its first ground-mounted solar farm in the Netherlands, the company is now realising two new solar projects in Spain. The solar farms Casa Valdes and Puerta del Sol are located in the Province of Guadalajara, close to Madrid. Both solar farms will have a capacity of 44 megawatts (MWac) each. Early construction works were already kicked-off and full commissioning is expected in summer 2022

For both solar projects RWE will use innovative, bifacial high-performance modules. The advantage: The bifacial cells are embedded in a double-sided glass-module by which the solar radiation can be absorbed from both sides – the front and the back of the module.

“The bifacial technology will help us to increase the production of the 190,000 modules, which our teams will install”, explains Robert Navarro, President and Managing Director of
RWE Renewables Iberia. “After full commissioning our solar farms will be able to supply the equivalent of approximately 61,000 Spanish homes with green electricity and will make a substantial contribution to reach the local climate targets.”

Strong renewables footprint in Spain

RWE has gained considerable experience in Spain and already operates onshore wind farms with a total capacity of more than 440 MW, as well as small hydropower plants in the country. The company is also involved in a photovoltaic plant in the Spanish province of Toledo and in the solar thermal power station Andasol 3. Furthermore RWE’s ground-mounted solar farm Alarcos went into operation last year. This solar farm has a capacity of 45 MWac and is located south of the city of Ciudad Real in the Autonomous Community Castilla-La Mancha.

RWE has an operational renewables portfolio with an installed capacity of more than 9 gigawatts (GW) and is currently constructing photovoltaic plants with a total capacity of 1.2 GW worldwide. In terms of further investments in solar, RWE is actively developing projects in several countries in Europe as well as in North America with a total capacity of more than 7.6 GW.

Forward-looking statements

This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.

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