Spain's Capital Energy develops 305 MW of solar projects in Madrid
Solar panels in Spain. Author: Jordi Domènech i Arnau. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.
Spanish renewables company Capital Energy has prepared three solar PV projects totalling 305 MW to install in the Madrid region of Spain, it said on Wednesday.
These projects, which have reached the public consultation phase, will involve a combined investment of over EUR 126 million (USD 142.5m), said Capital Energy.
The company’s plan is to build three solar farms -- 130-MW La Vega, 100-MW Albares and 75-MW Cruz -- across five different municipalities in the Madrid region. The whole initiative will require over 529,000 solar panels.
La Vega, Albares and Cruz are to become Capital Energy’s first renewable energy installations in Madrid, but also among the first utility-scale solar farms in the region.
According to Spanish grid operator Red Electrica de Espana (REE), the region of Madrid had 232 MW of renewable energy installed at the end of 2020, with solar PV capacity making up only 63 MW. The rest is made up of hydropower (109 MW) and renewables classified as other, according to REE’s 2020 renewables report.
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