XL Telecom & Energy to establish solar farms in Spain


India-based XL Telecom & Energy is planning to enter the power generation business by establishing solar farms in Spain.

Saptashva Solar, a wholly owned subsidiary of the company, will establish a series of solar farms for power generation in Spain with a target for the first year of about 28MW capacity. The medium-term target is to install close to 200MW of these farms in Spain and surrounding Portugal alone. The solar farms proposed to be established in the first year would require a total investment of approximately €168 million ($247 million). Based on the current policy and legislation, the project is expected to have a 25-year power purchase agreement from the local utility company. Saptashva would generate on first full year of operations with this capacity about €17.74 million ($26 million) with 20% margins for the next 25 years. The first solar farm of 2.3MW would be implemented before March 2008 and the balance would get installed by December 2008. (energy-business-review)


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.