Iberdrola’s record investment into renewables and networks is outperforming expectations, freeing the utility to invest even more creating a “virtuous circle of growth”, the company’s chairman has said.
Beer maker will power its entire brewing operations in Southern European country via 82GWh-a-year PV plant featuring 340Wp polycrystalline silicon modules, set to go live next year.
The new plants will contribute to Iberdrola's rapid expansion across the Iberian peninsula, after the firm secured 149MW of new Portuguese projects last month.
French firm Akuo scores cheapest tariff and reaps 370MW of total 1.15GW awarded while Iberdrola bags 149MW by pledging to pay for grid space under second modality.
Claims of €20/MWh bids emerge as country sets sights on next week to publish results of 1.4GW tender, which must choose winners from 10GW worth of projects.
The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.
Iberdrola has signed a power purchase agreement with Basque Country-based telecoms provider Euskaltel to supply electricity produced from a 391MW solar project, in what is said to be the first PPA signed between a power company and a telecoms operator in Spain.
Iberdrola has signed a 10-year power purchase agreement (PPA) for a 391MW solar project in Spain with Grupo Kutxabank, in what it claims to be the first contract in the world of this kind to be signed between an energy company and a bank.
Nine of Europe’s industrial power giants and most prominent green bond issuers have clubbed together to put green bonds - mechanisms that are beginning to draw huge traction worldwide - at the heart of their financing strategies.
