Iberdrola concludes work with 13.5-MW solar farm in Portugal

• Spanish utility Iberdrola SA (BME: IBE) revealed today that it has settled the building of the 13.5-MW Conde solar photovoltaic (PV) plant in the Setubal area, Portugal.

The near EUR-11-million (USD 10.9 m) project is one of 7 quotes that allowed Iberdrola secure capacity in Portugal's solar auction in 2019.

Conde is located in the Palmela community. It includes some 25,000 solar modules that will certainly generate adequate power to fulfill yearly consumption demands of about 5,000 households, the firm said.

The plant is the 2nd solar farm that Iberdrola assembled in Portugal. The very first one and likewise the auction champion, the 27.35-MW Algeruz II, was commissioned in August 2022.

Of the continuing to be granted projects, Alcochete I and also II are unfinished at present, and the Montechoro I and II as well as Carregado will certainly be the next in line.

Iberdrola claimed that it wants to champion more solar PV in Portugal, and also plans to create a portfolio of 2,000 MW of projects in the coming years.