Iberia’s hybrid-energy thesis just got another proof point — and it’s not the only one this week. Two Spanish projects and one South African build show where private capital is actually going in the energy transition, not just where it’s being discussed.
What we’re tracking today:
EDP has begun testing the battery at its Las Lomillas complex in Cuenca, Spain — the Iberian Peninsula’s first project to combine wind, solar and storage at one grid connection. €6.2m in EU recovery funding backs the 36 MW/72 MWh battery, part of 122 MW total capacity. The hybridisation thesis, built and tested. https://lnkd.in/e9AYk_h8
Zelestra brought three solar plants online in Castilla-La Mancha under a 57 MWac PPA with Tesla, ~130 GWh a year. Corporate offtake appetite for Iberian solar shows no sign of slowing. https://lnkd.in/eGkM89-z
In South Africa, SolarAfrica, MPower and Fledge Capital are building a 184 MW solar plant with 300 MWh of co-located storage in Mpumalanga — the same hybrid logic taking hold across our African pipeline markets. https://lnkd.in/dwFDdNpt
At Persimmon Investments, that’s the exact pattern we underwrite: generation paired with storage from day one, backed by real offtake.