(Alliance News) - BP PLC said it has completed its first project in Spain.
The oil major said the 247 megawatt peak, five-cluster solar project Vendimia started commercial operation on Thursday morning.
"The Vendimia solar project that we are inaugurating today in Zaragoza is great example of the fulfillment of BP's ambition in its transition to an integrated energy company, and our contribution to building a low-carbon future," said Carlos Barassa, head of country for BP Spain.
About 615,000 bifacial solar panels have been installed on over 650 hectares of land, BP said. The panels use multi-row tracker technology to follow the sun thereby maximizing efficiency. The project will be able to power around 107,000 homes.
Vendimia was completed in two years with a majority of construction taking place during the Covid-19 pandemic. The project financing was undertaken by NatWest Group PLC, Intesa Sanpaolo SpA, Banco Santander SA and Bankinter.
BP's stock closed up 0.2% at 324.90 pence a share in London on Thursday.
By Aidan Lane; newsroom@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
BP (BP.)
Natwest (NWG)
