As the markets which have been the foundations of Gransolar’s success to date, Spain and Italy, conclude their expansion cycle the company is looking to new opportunities, both in Europe and farther afield to provide growth over the coming years. In addition, Gransolar’s diversification strategy which includes project studies in Wind, Biomass and Hydro, follows their guiding principal to provide the most appropriate solution for each location and set of conditions.

 

SPAIN | 8 MW in 2011

In 2011 Gransolar will complete the last of its two PV plants projected for Spain totaling 8 MW, but there can be no doubt that major developments in the Spanish PV solar power plant sector have temporarily slowed. Clarity from the national energy policy bodies and/or continued reduction in PV solar production costs will inevitably reactivate the market at some point in the near future.

PORTUGAL | 16 MW in 2011

Gransolar and its Portuguese partners have signed their first leasehold commitment to build a 6,0 MW PV solar plant in Coruche, near Lisbon. The project will be developed over the next two years and occupy an area of around 25 hectares. This initiative forms part of a larger 16 MW development which will be constructed by Gransolar under an EPC contract.

USA | 20 MW in 2011

Through a series of regional partnerships Gransolar is developing its capabilities across all the key PV solar markets in the United States, and is currently in the process of bidding on tenders for utility scale projects. Given the enormous potential in the US, at 25 MW in 2011, Gransolar’s expectations are relatively modest, but the company expects strong and continued growth in the following years as the American economy continues to evolve away from its fossil fuel dependency.

ITALY | 40 MW in 2011

GransolarGhella will bring an additional 40 MW of capacity online to complement the 30 MW it has already installed, making Italy the most important country in the company’s portfolio.

The market is expected to cool going forward from 2012 but, like Spain, will reactivate as production prices fall.

BULGARIA | 11 mw in 2011

With the incorporation of Gransolar Bulgaria, the company has made clear its intentions for this emerging PV solar market. The first 6,0 MW plant is in development with an additional 5-10 MW projected for 2011. An attractive Feed-in Tarif, EU membership and abundant project opportunities mean that Bulgaria could shortly become one of Gransolar’s key markets in Europe.

CHILE | 25 mw in 2011

Grupo Gransolar is currently carrying out wind speed and climatic conditions monitoring measurements at two sites in central Chile with a view to developing a wind power plant of up to 5 MW. The project, which has been under study since November 2010, is part of the Group's diversification strategy that includes project studies in Biomass and Hydro, and at the same time follows the company’s guiding principal to provide the most appropriate solution for each location and set of conditions.