First Large Solar Plants Without Subsidies Seen in Spain: Energy

Solar developers in Spain are trying to build Europe’s first large-scale plants to sell electricity at market prices, taking advantage of a crash in equipment costs and some of the continent’s highest levels of sunlight.

Builders have sought permits to connect 37.5 gigawatts of utility-sized projects to Red Electrica Corp. SA’s transmission grid, company spokeswoman Susana Moreno said. While demand studies show that’s far more new generation than the country needs, the first few plants could set a commercial precedent.