Utility big Iberdrola will fee 1.4GW of photo voltaic PV in Spain within the coming months, with 12 initiatives already in building.
With a complete capability of 550MW, half of the 12 initiatives underneath building are situated within the area of Extremadura with two vegetation with a capability of 80MW set to be linked to the grid later this 12 months.
The opposite six initiatives are situated within the areas of Andalusia and Castile and Leon with a complete capability of 271MW.
On high of that, the utility plans on beginning building of one other six initiatives this 12 months totalling 873MW and unfold throughout 4 autonomous communities of Spain.
Spain continues to be Iberdrola’s strongest market when it comes to photo voltaic PV capability put in, with greater than half of the three,448MW world capability situated in its residence nation.
The utility completed the primary half of 2022 with 2.2GW of photo voltaic PV put in capability in Spain, 800MW greater than the identical interval in 2021, a 55% enhance year-on-year.
Among the many initiatives it not too long ago accomplished in Spain is the most important photo voltaic PV plant in Europe, with a capability of 590MW, for which it has secured a number of energy buy agreements (PPAs) with Pepsi and Danone amongst others.
Earlier this week, the corporate additionally accomplished two photo voltaic PV vegetation in Extremadura with a complete capability of 100MW.
Furthermore, the utility not too long ago signed a US$562 million inexperienced mortgage with the European Funding Financial institution (EIB) to additional increase photo voltaic and wind initiatives in Spain.