EU Green Recovery plan can sustain 2.3 GW of Spanish solar project capacity

Sep 15, 2020 01:40 PM ET
  • Three big projects are prospects for assistance from the Covid recovery plan outlined by the bloc.
EU Green Recovery plan can sustain 2.3 GW of Spanish solar project capacity
Image: Enel Green Power

U.K. consultant EY has defined investment projects across the EU which would be in line for support from the bloc's Covid-19 recuperation fund.

The A Green Covid-19 Recovery and Resilience Plan for Europe report published by the specialist services firm laid out up to 2,000 energy, building, transportation, market and land utilize investments across the EU's 27 member states, fifty percent of which it is estimated could contribute to task creation as well as environment adjustment targets and reach monetary close within 2 years if backed by the Next Generation EU recuperation fund.

Spain has the third greatest number of green investment and also financial recovery projects in the EU, according to EY, which highlighted 79 investments which need EUR24.5 billion. In terms of energy projects specifically, Spain's 30 trails just France's 47 in the bloc.

PV projects

The Spanish centers which might take advantage of Next Generation financing include a PV plant intended by power business Enagás in León which would certainly produce environment-friendly hydrogen for export to the Port of Rotterdam. The 150 MW solar project in La Robla would include a 32 MW electrolyzer, storage space sites as well as various other framework for the daily production of 12 tons of hydrogen.

That EUR266 million project is part of a plan to supply environmentally-friendly jobs in areas impacted by decarbonization of the economic situation. The center adheres to the signing of a hydrogen as well as battery storage space innovation arrangement in between Enagás as well as Spanish power firm Ampere Energy in March. The partners plan to drive the first injection of hydrogen into the Spanish gas network at Enagás' regasification plant in Cartagena, Murcia, to give little scale electrical power with energy storage space support.

The EY checklist of feasible beneficiaries of EU Covid healing funding includes a 1,585 MW, EUR1.4 billion solar plant the renewables arm of Italian power business Enel is planning in Teruel which will be linked to 139 MW of wind generation capability and a 159.3 MW power storage system. That facility is planned to replace a 1.1 GW coal-fired nuclear power plant run by Enel service Endesa in the province.

The EUR300 million, 590 MW Francisco Pizarro photovoltaic or pv plant Spanish energy Iberdrola is integrating in Cáceres is also on the EU project checklist assembled by EY.