Iberdrola plans three more Spanish solar projects totalling 450MW

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Iberdrola.

Iberdrola is progressing with efforts to develop three solar farms in Spain’s Valencia region that will have a combined capacity of 450MW and require an investment of more than €235 million (US$284 million).

The utility plans to build two plants (PSF Ayora 1 and FV Cofrentes I) of 200MW, along with associated infrastructure such as a substation and power lines, as well as a third 50MW facility (FV Alhorines).

The parks will together feature almost 1 million PV modules and provide employment for 1,450 people, helping to reactivate the local economy and “shift the region’s companies towards a sector with a future”, Iberdrola said.

While the utility manages more than 2GW of renewables capacity in Valencia through its Cortes-La Muela pumped hydroelectric storage plant, the three solar parks represent its debut in the region’s PV sector.

Elsewhere in Spain, Iberdrola last year completed the 500MW Núñez de Balboa development, which is currently Europe’s largest PV project, and recently signed a power purchase agreement for the 590MW Francisco Pizarro plant, which is expected to be operational next year.

As part of a newly announced investment plan, the utility is aiming to double its solar PV capacity to 16GW by 2025, when it will have 60GW of renewables. The €75 billion investment package for 2020-2025 will see €14.3 billion be spent in Spain.

While 2.6GW of PV was deployed in Spain last year and a further 2GW was awarded in a renewables auction in January, trade body the National Association of Photovoltaic Energy Producers (ANPIER) yesterday called on authorities to limit the amount of mega-scale PV projects so that communities across the country can benefit from new developments. The trade body is instead calling for the promotion of projects between 1MW and 10MW.

Read Next

June 30, 2022
Investor CleanCapital has acquired renewable energy developer BQ Energy, adding 300MW of late-stage solar development to its pipeline.
June 30, 2022
D.E. Shaw Renewables Investments (DESRI) has secured up to US$400 million in new capital finance to support its US renewables strategy.
June 29, 2022
Arab-speaking countries in the MENA region have planned to increase utility-scale solar capacity by 49.5 GW by 2030, according to Global Energy Monitor.
June 29, 2022
Spanish independent power producer (IPP) Opdenergy is planning to launch an initial public offering (IPO) to finance its target of reaching 3.3GW of renewables assets in operation and under construction by 2025.
June 28, 2022
A proposed law in Spain aimed at clawing back revenues from emissions-free power plants would create risks for renewables investors and favour fossil fuel-fired generation, according to trade groups that have urged the European Union (EU) to intervene.
June 24, 2022
The Michigan Public Service Commission (MPSC) has approved utility Consumers Energy's plan to end coal use by 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event