Iberdrola prepares 3 even more Spanish solar projects totalling 450MW

Mar 3, 2021 01:24 PM ET
  • Iberdrola is proceeding with initiatives to establish three solar farms in Spain's Valencia region that will certainly have an integrated capability of 450MW and require a financial investment of more than EUR235 million (US$ 284 million).
Iberdrola prepares 3 even more Spanish solar projects totalling 450MW
Image: Iberdrola

The energy plans to develop 2 plants (PSF Ayora 1 and FV Cofrentes I) of 200MW, in addition to associated framework such as a substation as well as high-voltage line, in addition to a third 50MW center (FV Alhorines).

The parks will together feature nearly 1 million PV modules as well as provide work for 1,450 individuals, aiding to reactivate the regional economic situation as well as "change the area's firms in the direction of a market with a future", Iberdrola claimed.

While the energy manages more than 2GW of renewables ability in Valencia via its Cortes-La Muela pumped hydroelectric storage space plant, the three solar parks represent its launching in the area's PV sector.

Elsewhere in Spain, Iberdrola last year completed the 500MW Núñez de Balboa development, which is presently Europe's largest PV project, and also just recently signed a power acquisition contract for the 590MW Francisco Pizarro plant, which is anticipated to be operational following year.

As part of a recently introduced financial investment plan, the energy is aiming to increase its solar PV ability to 16GW by 2025, when it will certainly have 60GW of renewables. The EUR75 billion financial investment bundle for 2020-2025 will certainly see EUR14.3 billion be invested in Spain.

While 2.6 GW of PV was released in Spain last year and a more 2GW was awarded in a renewables auction in January, profession body the National Organization of Photovoltaic Energy Producers (ANPIER) the other day contacted authorities to restrict the amount of mega-scale PV projects to ensure that communities across the nation can benefit from brand-new developments. The profession body is instead asking for the promo of projects in between 1MW and also 10MW.

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