Iberdrola pushing 450 MW of solar through permitting in Spain

Iberdrola team building a solar park. Image by Iberdrola (www.iberdrola.com)

March 2 (Renewables Now) - Spanish energy giant Iberdrola SA (BME:IBE) today unveiled plans to build 450 MW of solar plants in the Valencian Community, a region on the east coast of Spain.

The capacity will divided between three projects involving a total investment of over EUR 235 million (USD 282.6m). Iberdrola said the projects are progressing through the permitting process.

The group is seeking to build two 200-MW solar farms -- PSF Ayora 1 and FV Cofrentes I -- in the Ayora-Cofrentes Valley, and the 50-MW FV Alhorines in Alicante province. These would be Iberdrola's first solar plants in the Valencian Community.

With almost 1 million PV modules combined, the company expects the trio to produce enough power to meet the demand of more than 220,000 homes and avoid the emissions of over 140,000 tonnes of carbon dioxide (CO2) annually.

(EUR 1.0 = USD 1.203)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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