Spanish developer and utility Iberdrola is waiting for project approval from the Castilla-La Mancha government to move ahead with four utility-scale solar PV facilities in the central Spanish region.
The 250MW portfolio includes the "unique" 100MW Puertollano II project, which boasts bifacial panels, daisy-chain inverters and a 5MW/20MWh battery system. The other three projects have proposed capacities of 50MW. They do not include battery systems.
Iberdrola now has a project pipeline of 2.2GW in Spain. It wants to install a total of 3GW in the country by 2022.
In early August, the firm made its first solar foray into Portugal, when it was awarded 149MW of solar projects in the Portuguese govenrment's solar auction.
Iberdrola is currently developing the colossal 500MW Núñez de Balboa plant in western Spain, billed as Europe’s largest solar plant. In July, it received project financing for the project from the European Investment Bank and Spain’s state-owned bank the Insituto de Crédito Oficial.
The prospects and challenges of European solar's new era will take centre stage at Solar Media's Large Scale Solar Europe 2020, to be held in Lisbon on 31 March and 1 April 2020
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.
Solar & Storage Finance USA Virtual Summit, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2020 for its 7th edition!