Iberdrola to soon start building 728 MW of solar in Extremadura
Iberdrola team building a solar park. Image by Iberdrola (www.iberdrola.com)
Iberdrola SA (BME:IBE) will start building 728 MW of solar projects in the Spanish region of Extremadura in the coming months, the regional government said Monday after meeting with Iberdrola Espana CEO Maria Angeles Santamaria.
The Spanish utility plans to invest more than EUR 1.5 billion (USD 1.76bn) to realise existing projects it has lined up in the region and create close to 2,000 jobs, the Extremadura government was informed.
During the next several months, Iberdrola will start building seven PV projects -- the Aranuelo complex parks I-III totalling 150 MW, the 328-MW Ceclavin, the 150-MW Arenales and two Cedillo plants for 100 MW combined.
The largest project in the pipeline is the 590-MW Francisco Pizarro photovoltaic (PV) park, which is currently in the permitting process.
Extremadura, Spain’s landlocked western region, is the home to a number of large-scale solar schemes including Europe’s largest PV park -- Iberdrola’s 500-MW Nunez de Balboa complex.
Early this year, UK’s Solarcentury and German power producer Encavis AG (ETR:CAP) started building the subsidy-free 300-MW Talayuela Solar project, while Israeli developer Ellomay Capital Ltd (TASE:ELLO) is close to connecting its 300-MWp Talasol park in the region.
Spanish oil-and-gas major Repsol SA (BME:REP) also picked Extremadura for its 364-MW Valdesolar project.
Extremadura is also the first Spanish region to draft its own energy and climate plan, separate from the EU-mandated climate strategy prepared by the central government. The region plans to reach carbon neutrality and rely solely on renewables in 2030. Solar power is to account for more than half of 10,360 MW of the planned renewable energy capacity by the end of the decade.
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