Iberdrola kick-starts deal with 13.5-MW solar project in Portugal

• Spanish utility Iberdrola SA (BME: IBE) announced on Wednesday that it has actually started building a 13.51-MW solar PV park in Portugal.

The Conde solar project lies in the Palmela municipality, in the district of Setubal, southern of Lisbon.

The plant will spread over nearly 20 hectares (49.4 acres) and also create greater than 20 GWh per year, adequate power to satisfy the annual need of some 5,000 residences. Iberdrola stated that it will intend to settle the works in 2022.

Also in Setubal, the utility will certainly build three various other solar parks-- the 27.35-MW Algeruz II, the 32.89-MW Alcochete I and also the 12.72-MW Alcochete II. It safeguarded these projects, in addition to Conde, in Portugal's 2019 solar public auction.

The Setubal projects will be Iberdrola's very first utility-scale solar parks in Portugal, where it already operates 92 MW of wind farms and is building the 1,158-MW Tamega hydroelectric as well as pumped storage complex. It additionally runs a power and also retail business in the country, handling a commercial portfolio of greater than 870,000 supply points.