PV ‘mega-facility’ to help Iberdrola with Spanish scale-up plans

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Nuñez de Balboa's power will be supplied to PPA signatories Kutxabank, Euskaltel and Uvesco (Credit: Iberdrola)

Iberdrola's efforts to add gigawatts worth of Spanish renewables within years are set for a boost after construction of a 391MW PV plant got underway this week.

The utility giant shared plans to add 2GW in solar and wind in the Extremadura region alone by 2022 as the first panels were laid out for the Nuñez de Balboa project in Usagre (Badajoz province).

The facility, billed as Europe’s largest PV project to date and Iberdrola’s most significant, will require around €300 million in investment. Equipped with over 1.4 million PV panels across a 1,000-hectare site, the facility comes with maximum grid-connected capacity of 391MW. 

Its entry into operations, slated for September 2020, should see it supply enough power to meet the needs of 250,000 people. The electricity will be transferred to the neighbouring 400kV Bienvenida substation, and then acquired – via PPAs – by bank Kutxabank, telecoms firm Euskaltel and food distributor Uvesco.

“This renewable mega-facility will become the spearhead that will consolidate the leadership position of Extremadura, Spain and the EU in the transition to a more sustainable energy system,” said Iberdrola chair Ignacio Galán at this week’s kick-off ceremony, attended by Extremadura president Guillermo Fernández Vara.

The planned Extremadura boost by 2022 comes amid a broader push, revealed by Iberdrola in February, to commission 10GW of Spanish renewables by 2030. Nuñez de Balboa aside, other plants in the region – 328MW Ceclavín and 150MW Arenales, among others – should help it reach the milestone.

Iberdrola is the latest to go down the PPA route in the Spanish PV landscape, gradually embracing the zero-subsidy approach. Investors Smartenergy and Aquila and developer BayWa r.e. are some of the players carving out a slice of the Iberian market in recent times.

Read Next

October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
October 15, 2021
The European Commission (EC) has urged member states to accelerate solar deployment in order to tackle Europe’s rising electricity prices and has released a ‘toolbox’ to address the short-term impact of prices and strengthen resilience against future shocks
October 14, 2021
Europe’s most competitive renewable power purchase agreement (PPA) offers rose 8% quarter-on-quarter as Europe’s worsening energy crisis bites, according to US firm LevelTen Energy’s Q3 2021 PPA Price Index report.
October 14, 2021
Lightsource BP has launched a 300MW solar project in Colorado that will “largely” power a local steel mill in what the company has said is a world's first
October 11, 2021
Two consortiums have been selected to take part in the tender for the construction and operation of the first long-distance high-voltage direct current (HVDC) power line in Chile, with a capacity of 3GW.
October 6, 2021
Spanish oil and gas major Repsol has increased its 2030 renewables target to 20GW, the bulk of which is expected to be solar PV, as part of efforts to reach net zero emissions by 2050.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021