Multinational utility Iberdrola is maintaining its course for green power, ramping up investments in order to stave off the impacts of the COVID-19 pandemic.
Firm walks PV Tech through its reasons to become first solar IPP to join European Energy Exchange (EEX), a move it says will help curb counterparty risks as power prices plunge worldwide.
Deal announced in January to become Iberia’s ‘largest solar power player’ by sponsoring 2.9GW portfolio will go ahead despite slashing expenditure as COVID-19 sends oil prices crashing.
Construction launch of plant part of 100MW complex in Seville sees Enel Green Power España add its name to operators resuming work after partial lockdown easing of 13 April.
Safety measures and PV-keen financiers help set scene for ground-breaking of subsidy-free PV plant in Andalusia, with plans for completion before year-end.
Group rolls out COVID-19 precautions as it starts building 126MW trio in Ciudad Real and expects to break ground on 264MW PV project in Extremadura in ‘coming weeks’.
Figures coming to light in recent days show industry reached all-time highs in Germany and Spain and became part of broader renewable milestones in at least the UK and Australia.
Players including Iberdrola resume energy project building after country opts not to prolong 10-day construction shutdown, while EPC Solarpack walks PV Tech through its response so far.
Year-on-year price drops seen as lockdowns bring Spain and Italy to a halt could see investors tighten conditions for support to zero-subsidy plays, SolarPower Europe webinar hears.
