Photosol Accelerates Spanish Expansion with Acquisition of Three Projects
Located in Alicante, they contribute 30 megawatts peak to a portfolio that already amounts to 300 megawatts in our country
Rubis Photosol, a subsidiary of the French group Rubis since 2022, has accelerated its expansion in Spain with the acquisition of three projects that will add nearly 30 megawatts peak to its portfolio. The new projects will be developed in the municipality of Algorfa, in the province of Alicante, and with a total production r equivalent to the annual consumption of 20,000 households.
All the projects acquired by Rubis Photosol are in the ready-to-build phase. They are expected to be commissioned in the second half of 2025. With the addition of this new package, the French company's portfolio of projects under development in Spain now totals 300 megawatts peak.
Development strategy in Spain
With this acquisition, Photosol is combining its growth in its home country, where it has just announced the construction of a 200-megawatt peak project, with its development strategy in Spain and its establishment in the rest of the continent. Founded in 2008, the company is one of France's leading producers of solar photovoltaic power. It has a portfolio in France of more than 540 megawatts peak in operation and under construction, and 3.7 gigawatts peak under development.
Clarisse Gobin-Swiecznik, managing director of Rubis, commented on the move, "These projects illustrate the Group's strategy to develop renewable energy production in order to reach 25% of its gross operating profit by 2030. These successes reward the know-how of the teams and demonstrate Rubis Photosol’s competitiveness in these future markets. We are delighted with these new developments, which will contribute to making the Rubis Group a major player in the renewable energy sector in Europe.”
Last July, Photosol announced the launch of a project development platform in Spain. The new subsidiary, the company said at the time, has signed co-development partnerships with experienced local players tasked with identifying and developing new solar and energy storage projects.