Construction of Thermostroom 1 is expected to take 24 months and, once fully operational, it will generate a projected annual revenue of approximately €36 million.
Thermostroom 1 has full support from local municipalities and mayors, according to Sunstroom, which already has secured a lease on the site, along with outline planning, environmental and operational permits.
Iain Morrison, Managing Director of Sunstroom, says: “With our proven track record of developing solar plants in Spain and ongoing legislative incentives, we are confident that the Extremadura park will be yet another highly profitable project, generating consistent returns for our investors over its 40-year life.”