Blue Elephant Energy Acquires 11.7 MWp PV Park in Mallorca to Advance Island’s Energy Transition

Hamburg-based renewable energy firm Blue Elephant Energy GmbH (BEE) has recently acquired a photovoltaic (PV) park with a capacity of 11.7 MWp from German project developer F&S solar concept in August 2023. The park, located near the municipality of Binissalem on Mallorca, is currently under construction by GOLDBECK SOLAR, a leading provider of large-scale PV plant construction.

Scheduled for completion in the third quarter of 2024, the park is expected to generate approximately 18,000 MWh of green electricity annually, catering to over 7,200 households in the region. This initiative is estimated to mitigate around 6,000 tonnes of CO2 emissions per year, marking a significant step forward in Mallorca’s energy transition efforts.

Tim Kallas, Chief Investment Officer of Blue Elephant Energy GmbH, emphasized the strategic significance of the project, stating, “Mallorca’s abundant sunshine makes it an ideal location for solar energy. Our 12 MWp PV system will contribute to reducing the island’s reliance on fossil fuels.” He further highlighted the collaborative effort with partners F&S solar concept and GOLDBECK SOLAR, expanding their Iberian portfolio to 262 MW.

Georg Schmiedel, Managing Director of F&S solar concept GmbH, underscored the project’s importance in overcoming energy transition challenges on the island. “We are pleased to contribute to Mallorca’s sustainable energy transition through the development of the Binissalem solar park,” he remarked, highlighting the fruitful collaboration with Blue Elephant Energy GmbH.

The project represents a significant milestone in advancing renewable energy infrastructure in Mallorca and underscores the commitment of industry stakeholders to fostering sustainable energy solutions.