Vector Renewables is pleased to announce that it has been selected to carry out the Technical Due Diligence (TDD) of a portfolio of solar projects in Spain, of which seven are signed for CVE to acquire as each one reaches the RTB. This portfolio, which comprises eight projects with plant sizes ranging from 2 MWp to 6 MWp, has a total capacity of 42 MWp.
The Vector Renewables team in Spain, led by Maria Vivanco, Head of Technical Advisory IBERIA, will be in charge of providing the Technical Advisory service. With the purpose of identifying risks and proposing effective solutions for their mitigation, this detailed evaluation will cover the analysis of energy performance, the quality inspection of operational projects, along with the review and analysis of the corresponding equipment and permits.
The portfolio includes projects located in various regions of Spain that, once completed, will generate 71.4 MWh annually, significantly supporting the country's renewable energy goals. Developed since 2021, this portfolio shows rapid expansion in the Spanish photovoltaic market, with favorable prospects thanks to solid institutional support, technological advances and a growing focus on renewable energies.
This achievement not only demonstrates the commitment of Vector Renewables, but also the diversity of services it can offer from its different lines of business. These lines operate with complementary approaches that take advantage of synergies to control and optimize the technical and economic performance of each asset.
About CVE
CVE is an independent producer of renewable energy, operating across multiple energy sources and countries. It plays an active role in the solar photovoltaic, biogas, and hydrogen energy markets in France, Chile, the USA, South Africa, and Spain. CVE's goal is to produce decentralized energy through a direct sales model, offering a "local supply" that addresses the energy transition challenges faced by local authorities, enabling them to actively participate in the development of renewable energy projects.
About Vector Renewables
Vector Renewables has provided services in more than 40 countries, with a portfolio of more than 6.2 GW under management and has performed services on more than 205 GW as Technical Advisor and 5 GW as Legal Advisor. In addition, the company has participated in more than 3,000 projects, positioning itself as one of the most relevant independent advisors in the renewable energy sector worldwide.