Iberdrola plans 111-MW PPA-backed wind complex in Spain

Iberdrola completed the wind turbines installation in Canary Islands

January 21 (Renewables Now) - Spanish utility Iberdrola (BME:IBE) announced today it plans to start construction work in the next few months on a 111-MW wind project at home.

The company said in a statement that, alongside Caja Rural de Navarra, it will build four wind farms as part of the 111-MW Cavar Complex project in the Cadreita and Valtieera municipal areas. The developers have already awarded a contract to Siemens Gamesa Renewable Energy SA (BME:SGRE) for the supply of 32 units of the SG 3.4-132 turbine model.

Upon completion in 2020, the wind power complex will produce enough power to supply some 46,500 homes per year. The output will be sold through long-term bilateral power purchase agreements (PPAs), according to the announcement.

Iberdrola said it intends to begin work on 700 MW of wind and solar photovoltaic (PV) projects in Spain and a total of 2,000 MW of renewable energy schemes worldwide this year. At present, the group has over 15,800 MW of installed renewables at home and more than 29,500 MW globally.

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription