November 8 (Renewables Now) - Spanish renewable energy company Norvento Enerxia installed this week the final turbine for the Carracedo onshore wind farm, finalising the assembly work on the last of six wind projects totalling 128 MW of capacity awarded in the government auction in 2017.
Carracedo has joined the Sasdonigas I and II, Neda, A Pastoriza and Cadeira wind farms, all installed in Lugo province in the Spanish north-western region of Galicia, the company informed on Thursday. The 18-MW Sasdonigas I and Neda of 34.65 MW generated their first kWh two months ago.
The six wind farms required an investment of more than EUR 150 million (USD 165.7m). Norvento obtained part of the funds from Banco de Sabadell (BME:SAB), while the European Investment Bank agreed last year to provide EUR 40 million for four projects in the lot.
Lugo-based Norvento was among the winners in the Spanish energy ministry’s renewables auction in May 2017, which awarded close to 3 GW almost exclusively to wind power projects. The energy ministry then said the awarded capacity should be in operation before 2020.
(EUR 1.0 = USD 1.105)