Aspiravi Spain will start construction of its first two solar decentralised generation projects in the second quarter of 2024. One project is located in Valladolid, a region northeast of Madrid, where the 'Erica' project will be built with a capacity of 6 MWp. The other project is in the province of Barcelona, where the 'Sant Fruitós' project is being built with a capacity of 3 MWp.

For both projects, the EPC contract was already outsourced to two selected construction companies at the end of last year and the administrative building permits were obtained in January this year. Currently, only the building permits from the Valladolid and Sant Fruitós municipal councils are still awaited to start the actual construction work.

In these two projects, local citizens and local businesses will have the opportunity to co-invest up to 25% by providing collective loans through a crowdlending platform monitored and controlled by the Spanish National Securities Market Commission (CNMV).