Subscribe today and receive an extra account for free.
Subscribe
Iberdrola wind farm operator. Image by Iberdrola (www.iberdrola.com)
December 3 (Renewables Now) - Iberdrola SA (BME:IBE) said Sunday it will close its last two coal-fired power plants in native Spain and replace them with 550 MW of wind and solar generation, Spanish media has reported.
Iberdrola is said to have sent a proposal to the government to shut down the Lada plant in the region of Asturias and install 420 MW of wind and solar capacity in its place. The Velilla plant in Castile and Leon is to be replaced with four wind farms totalling some 130 MW.
The pair of coal-fired plants have a total installed capacity of 874 MW.
The leader of Asturias, Adrian Barbon, told the Spanish media he knew nothing of Iberdrola’s proposal and that the regional government would evaluate it when it sees it, news agency Europa Press reported Monday.
Iberdrola says it has closed 15 fossil fuel-fired plants worldwide since 2001, shutting down 7.5 GW of installed capacity. The company has set aside EUR 13 billion (USD 14.4bn) for renewables in the 2018-2022 planning period, as it pushes for net zero emissions in 2050.
(EUR 1.0 = USD 1.108)
Iberdrola's 500-MW solar complex feeds 1st MWh to Spanish grid
Apr 06, 2020 17:47 CEST
Atlantica Yield closes EUR-290m green notes placement
Apr 03, 2020 17:32 CEST
Europe’s cheapest solar, wind corp PPAs are in Spain, Sweden - BNEF
Apr 03, 2020 8:52 CEST
Iberdrola to turn on money tap in 2020 against COVID-19 economic slump
Apr 02, 2020 18:00 CEST
Spain's renewables share hits 50% in March
Apr 02, 2020 15:17 CEST