Iberdrola has signed a power purchase agreement (PPA) to sell electricity from what is claims will be Europe’s largest PV plant to French food group Danone.
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
Spanish utility Iberdrola aims to accelerate the production of green hydrogen after signing an agreement with Norwegian company Nel and creating a new venture dedicated to the installation and maintenance of electrolyser plants.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
Portugal’s record-breaking solar auction “exceeded expectations”, a top government official has told PV Tech, confirming that Spanish company Enerland was the company with the lowest bid.
Portugal’s second solar auction has closed with record-breaking low prices of €11.14/mWh (US$13.12), the country’s government announced this afternoon.
Europe’s fleet of solar arrays generated 68TWh of power in the first six months of 2020, a 15% increase on last year’s figure as new, larger solar farms came to the fore.
