Spanish utility Naturgy Energy Group SA (BME:NTGY) announced on Wednesday that it has commenced construction of a 4.18-MWp solar photovoltaic (PV) farm in Spain's Canary Islands.
The project, known as Salinetas, will require an investment of around EUR 2.7 million (USD 2.9m).
Once up and running, the solar facility in Gran Canaria will be able to generate around 7.23 GWh per year, enough to meet the annual demand of 2,000 homes.
The Salinetas plant will be Naturgy's first PV farm in the Canary Islands. It was among the winners in the first call for tender for Canary solar energy under a programme co-financed by the European Regional Development Fund (ERDF).
The Spanish utility already has ten operational wind parks in the Canary Islands for a total combined capacity of 74.7 MW.