Zhongli Group announced that its subsidiary Talesun will supply PV modules to Aeronaval de Construcciones e Instalaciones SA (ACISA). ACISA is an EPC service provider under the ownership of Aldesa Group, which is a major Spanish construction company. Zhongli is a major Chinese provider of electric power equipment, and its subsidiary Talesun focuses on PV products. Under the sales agreement, Talesun will provide 170MW of modules to ACISA for US$40 million.
Having been involved in the renewable energy industry for several decades, ACISA currently possesses a huge portfolio of generation assets and a good track record with respect to its financial performance as well as business transactions. Articles about this deal from other media outlets indicate that ACISA will be able to fulfill its obligations under the supply agreement with Talesun.
According to reports from other media outlets, ACISA has been contracted by Olmedilla Hive to provide EPC for a 169MW PV project in Spain’s Cuenca Province. Spanning an area of 420ha, the project in Cuenca will adopt a solar tracking technology. It represents both another notable expansion in the Spanish PV sector as well as a step forward in energy transition for Spain. Olmedilla Hive is a special purpose vehicle that is currently controlled by Israel’s Noy Infrastructure & Energy Investment Fund. The project is expected to be completed in 2022.
Talesun is reportedly to be the exclusive module supplier for the project in Cuenca. The deal is expected to contribute to Talesun’s efforts in expanding into the European market over the medium to long term. The deal also demonstrates Talesun’s competitiveness in both hardware and software. Moreover, the deal will give a huge boost to the company’s sales performance and thus has a positive effect on the company’s operations.