Solaria executes the best PV module purchase in its history, 71% cheaper than in 2022

– The Spanish utility is purchasing 435 MW of photovoltaic modules at a price of 9.11 euro cents per watt from a leading manufacturer.
– The company will install these modules at its 700 MW Garoña PV complex during 2024.

May 6, 2024

Solaria today announced the purchase of 435 MW of PV modules at a price of 9.11 euro cents per watt from a Tier 1 manufacturer.
This price level is a 2.15% improvement over the last purchase in December 2023 and a 71% reduction from 2022 prices, highlighting the continued improvement in the competitiveness of PV technology.

Solaria will install these modules in its 700 MW Garoña project (Burgos) during 2024. The Garoña photovoltaic project is a clear example of energy transition, since Solaria will replace the 460 MW Santa María de Garoña nuclear power plant, which has completed its useful life (41 years), with a green energy facility, which does not generate polluting emissions and, above all, is much cheaper and available to the public.

The project, which began construction last March after receiving the necessary authorizations, is financed by the European Investment Bank and Banco Santander.

The four plants that make up this project will generate major economic benefits. On the one hand, they will generate a total income of 650 million euros for the public administrations during the 30 years of the plant’s useful life. On the other hand, 2,400 jobs will be created during the construction of the park, always prioritizing local employment, in addition to the creation of indirect employment.

This photovoltaic solar park will produce electricity equivalent to the annual consumption of the entire province of Burgos, i.e. it will be capable of supplying 300,000 homes. It will also prevent the emission into the atmosphere of more than 335,000 tons of CO2 per year.

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