The residents of Santa Margalida can now join the first photovoltaic park with local participation in the whole of Spain.
The citizens of the municipality will be able to invest in this solar park that will have a 40% social participation thanks to the Law of climate change and energy transition.
The residents of the municipality of Santa Margalida (Mallorca) can join the first photovoltaic park with local participation in the whole of Spain, which is being set up in the Balearic Islands, from Monday 6 December until 21 December.
TDB keeps you informed. Follow us on Facebook, Twitter and Instagram
Article 49 of Law 10/2019, of 22 February, on climate change and energy transition, sets out the conditions relating to local participation in renewable generation facilities and establishes that they must be offered for local investment. In this regard, the Law states that ‘for the purposes of this law, renewable generation projects with local participation are considered to be those in which it is accredited that the possibility of participating in at least 20 % of the ownership of the project has been offered to those natural or legal persons, public or private, located in the municipality in which the installation is to be located or in the municipalities bordering it’.
The Law also states that ‘in the event that the project is conveyed through a commercial company, 20 % of the ownership of the project shall be understood as 20 % of the conveyancing company. If the same project is channelled through several companies, the opening to local investment may never be less than 20 % of the total nominal value of all the shares or holdings of the channelling companies comprising the project’.
According to the Law, the offer of local participation will be mandatory when the renewable generation project is located on the ground and has a power equal to or greater than 5 MW. In this regard, if the number of interested natural or legal persons does not reach 20 %, the offer has to be extended to natural or legal persons, public or private, located in neighbouring municipalities. If the 20 % is still not reached, the offer has to be extended to natural or legal persons, public or private, located in the Autonomous Community of the Balearic Islands.
The photovoltaic plant will be called Santa Eulàlia and consists of a double plant of 9,626 MWp, which will be connected to the medium-voltage electricity grid, on the rural estate of polygon 14, plot 90.
The solar park will consist of two identical installations of 4.813 MWp each, Santa Eulàlia I and Santa Eulàlia II. These installations are owned by different owners and have different and independent connection points in the distribution networks.
The offer for this farm (divided into two farms) is €809,360, which will represent a 40% stake in the company (in each of them). It should be noted that thanks to the spirit established in the Law and its desire to democratise energy, 20% of the economic return will remain in the Balearic Islands.
In the Balearic Islands, the company in charge of starting up the park will be Enerparc, a company that has been working for several years with the project developer G-Ener Solutions Energètiques and which has put 10 photovoltaic parks into operation in 2021, with a total of more than 30 MWp of power on the island of Majorca. This socialisation has been carried out thanks to an agreement with FUNDEEN, a FinTech platform that allows interested citizens to invest in environmentally sustainable projects and receive benefits from their investments.
This month the park starts to be projected and, from the 6th, the neighbours of Santa Margalida will have 15 days priority to adhere to this investment. Once these 15 days are over, the radius will be extended to the neighbouring municipalities: Artà, Petra, Ariany, Maria de la Salut, Llubí and Muro.
It should be noted that 15 days later if this 40% of social participation has not been reached, it will be extended to the rest of the autonomous community. And 15 days later, to the rest of Spain.