Iberdrola commissions 27-MW solar plant in Portugal

Spanish utility Iberdrola SA (BME:IBE) said on Tuesday that it has commissioned the 27.35-MW Algeruz II photovoltaic (PV) plant in Setubal district, Portugal, which is its first solar asset in the country.

The particular project is one of seven awarded to Iberdrola in the 2019 Portuguese tender. The company spent a total of EUR 17.8 million (USD 18.1m) on the execution of the project, with more than 50,500 fixed PV panels installed to generate enough electricity to supply over 11,000 homes.

Iberdrola is currently building three additional solar projects awarded in that auction – the 13.51-MW Conde, 32.89-MW Alcochete I and 12.72-MW Alcochete II PV plants, also located in Setubal. Three more – Montechoro I (11.57 MW), Montechoro II (24.95 MW) and Carregado (64.1 MW) – are awaiting construction permits and should be commissioned next year.

Once all seven solar parks are finalised, Iberdrola’s PV capacity in Portugal will amount to 187 MW. The company also has 92 MW of operational wind power capacity in the country and plans to build a 400-MW wind park as part of a hybrid generation project involving the 1.16-GW Tamega River Gigabattery.

(EUR 1 = USD 1.020)

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