Naturgy turns sod on new 50-MW solar farm in Spain

• Spanish power and also gas utility Naturgy Energy Group SA (BME: NTGY) announced on Thursday that it has actually broken ground on a 50-MW solar PV farm in Spain's area of Extremadura.

The project, known as Las Jaras de Badajoz, will certainly call for a financial investment of around EUR 28 million (USD 29.3 m).

When up and running, the solar center needs to have the ability to create over 122.9 GWh annually, or enough to power some 35,200 homes.

Naturgy said that its project will develop some 360 jobs throughout the construction, as well as operation and upkeep phases.

The Spanish utility runs the Extremadura area's only wind farm, the Merengue. It claimed that is presently building one more wind farm as well as two solar plants in the region, and also has greater than 450 renewable resource projects developed for the area in advanced stages of allowing.