Having developed in excess of 1 GW of solar projects in Europe and Australia over the past few years, EEW will leverage its experience in solar project development, project financing and finance structuring, technology expertise and establishing local relationships to drive its growth in Spain.
The new Madrid office will support EEW’s global operations with local specialists, helping the group achieve its target to develop and construct 600 MW of solar projects over the next three years.
Svante Kumlin, Chairman of EEW, says, “EEW is thrilled to enter into the Spanish subsidy free market and to drive development and construction costs down to new low levels to enable the growth of solar PV in Spain. We are also looking at a pure merchant model and to repeat our success in developing large scale merchant projects, where we have been pioneers in Australia.”
