Czech group MTX, Aquila Capital build 370 MW wind, 360 MW solar, 350 MW BESS hybrid project in Spain

The investment in the Mimosa project, located near Baza, a town in the province of Granada in Andalusia, southern Spain, exceeds one billion euros. The consortium has invested five years in the project development, and its completion is slated for 2027.
Image: Pixabay

MTX Group, an industrial trading and production holding company based in the Czech Republic, has joined hands with German investment company Aquila Capital to build the Mimosa hybrid project in Spain, which will have a total installed capacity of 1.1 GW. The project consists of a 370 MW wind farm, a 360 MW PV plant, and a 350 MW battery energy storage system (BESS).

The project, valued at more than one billion euros, is already in the construction phase and will be completed in 2027. Aquila Capital owns owns 60% of the project, while the Czech group holds the remaining share.

The European Investment Bank, BNP Paribas, KfW IPEX, Banco Sabadell, Intesa SanPaolo, ING, NatWest, and Santander are involved in financing the project.

MTX Group is a Czech industrial holding company with a global presence, mainly focused on the trading and processing of metals and raw materials for the energy sector, with an annual turnover of over two billion euros. It employs more than 2,500 people in its 31 companies. The group has recently invested in information technology and data centres. Its sole owner, Petr Otava, is also involved in property development in Andalusia.

Aquila Group, founded in 2001, is a global investment group based in Hamburg. This month, Commerzbank closed the purchase of 74.9% of the investment management company.

From pv magazine Spain

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  • Pilar worked as managing editor for an international solar magazine, in addition to editing books, primarily in the fields of literature and art. She joined pv magazine in May 2017, where she manages the Spanish newsletter and website and helps write and edit articles for the daily news section in Latin America.


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