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

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on 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

May 6, 2021
Independent power producer has Opdenergy has postponed an initial public offering (IPO) just days before its shares were due to start trading on the Spanish stock exchanges.
May 5, 2021
Europe’s solar industry has lauded the inclusion of a commitment to "re-ignite" Europe's solar manufacturing sector within the European Commission’s refreshed industrial strategy.
PV Tech Premium
May 3, 2021
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
April 28, 2021
Renewable energy group BayWa r.e. has opened what it claims is its largest PV warehouse in Europe yet in a bid to expand its distribution network in the continent.
April 28, 2021
Spanish energy giant Iberdrola has partnered with oil and gas majors bp and Enagas on a feasibility study to develop a large-scale green hydrogen project in Valencia.
April 23, 2021
Spanish energy group Iberdrola is hoping to launch a solar-plus-hydrogen power project to decarbonise ceramic tile maker Porcelanosa’s production process.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021