Infrastructure and Energy

Sell-Side for 23 MWp Auction-Awarded Solar Project in Portugal

Casal da Cortiça, Leiria, Portugal Leiria, Leiria Portugal 2410-026
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Building Area Net
Call for Offers

Property description

• Location: Casal de Cortiça, Leiria, Portugal.

• Capacity DC: 22.8 MWp (13.1 MWp fixed + 9.7 MWp SAT).

• Energy Yield P50: 1,595 kWh/kWp* (fixed) and 1,874 kWh/kWp* (SAT).

• Expected NTP: January 2022.

• Expected COD: February 2023 (n.b. auction tariff deadline subject to potential extension).

• Project rights contained in a single SPV.

• Fully permitted in this moment by DGEG, CCDR Centro, APA, ICNF and the DGPC.

• Production License (DGEG) – Issued in December 2020.

• Establishment License (DGEG) – Awarded tothe 60 kV OHL in September 2021.

• Construction License (Municipality) – Issued in October 2021.

• Exploitation License (DGEG) – To be requested on construction completion.

Investment highlights

  • Tariff level: 31.16 €/MWh fixed (no inflation uplift applied). 
  • Term: 15 years.
  • Highest tariff level in 2019 Portuguese Auction round of 1300 MW awarded.
  • Counterparty: SU Electricidade, a Portuguesegovernment-backed off-taker.
  • 100% of the power generated by the project is to be sold to SU Electricidade.
  • Power generated during testing period may be sold in MIBEL/OMIE (approx. 1-3 months).
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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