- Press Releases
September 23 (Renewables Now) - Spain’s Corporacion Acciona Energias Renovables SA (BME:ANE), also known as Acciona Energia, has secured a EUR-4.35-million (USD 5m) grant to install smart solar-powered irrigation systems in Spain utilising 7.35 MWp of generation capacity.
The grant was awarded by the European Commission’s Climate, Infrastructure and Environment Executive Agency (CINEA). The total investment required to realise the project amounts to EUR 7.5 million, Acciona said on Tuesday.
The so-called Photovoltaic Pumping Innovation in Irrigation Communities project will see farmers amortise the initial cost of the installation through long-term power purchase agreements (PPAs) with the supplier of solar energy for their irrigation networks.
Once up and running, the PV arrays will be beneficial to nearly 2,000 farmers in the Ebro basin. The solar systems will have an estimated annual production of around 12,000 MWh, enough to offset 1,800 tonnes of carbon dioxide (CO2) emissions per year.
(EUR 1.0 = USD 1.174)