Undeveloped Land for sale in Arico, Tenerife

This rare investment opportunity is for a fully operational photovoltaic solar power plant for sale in South Tenerife.

Located in the Arico municipality, this solar power farm is situated at an altitude and orientation/inclination designed to maximise solar energy production. Its location in South Tenerife, with one of the highest hours of daily and yearly sunshine, makes it a strong investment.

The solar panels are made of silica and aluminium, offering more durability than galvanised options, and are secured to the ground by 2 metre deep foundation piles to help withstand strong winds. A retention trench is designed to protect from occasional heavy rainfall.

The solar farm includes its own generators, converters and inverters, power transformers, and all necessary complementary subsystems to operate fully. It is connected to the main electricity network by a nearby tower. The facility is fully fenced and includes a security system and a monitoring system for checks at any time. Maintenance and cleaning are carried out regularly.

This large solar farm consists of 11 different solar power plants and has been fully operational for over 5 years, with legal, technical and administrative requirements kept up to date. It has an existing 15-year contract to sell its energy to the main electricity company in Spain, Endesa.

Of the 11 plants, a minimum of 3 can be purchased together. Each plant generates gross income in the region of 70,000€ per year. After all costs of maintenance, security, ground rent, etc., this gives a return, before personal/company tax, of approximately 55,000€ per year. Therefore, for the purchase of the three plants included in the advertised price, the yearly income is approximately 165,000€.

This is an opportunity to invest in Tenerife and in renewable energy. An ongoing return on investment is expected.