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Iberdrola moving ahead with 1.2GW of new solar capacity in Spain

March 05, 2021

PV Tech:

Spanish energy company Iberdrola has added 750MW of solar PV capacity to its development pipeline.

The plans include two utility-scale Spanish solar facilities; the 380MW Tagus project in the municipality of Alcántara and the 375MW Cedillo plant, located between Alcántara and Herrera de Alcántara, close to the Portuguese border.

Both projects, which will use more than 1.85 million panels and 406 fixed structure inverters, are expected to come online by 2023. Iberdrola said in a statement that the construction and start-up of both projects would create more than 1,700 jobs in the area.

It comes just one day after the company said it was progressing with plans to develop three solar farms in Valencia with a combined capacity of 450MW, requiring €235 million (US$284 million) of investment.

Iberdrola, which this year pledged to invest €75 billion (US$90.3 billion) in renewables by 2025, will spend approximately €420 million on bringing the projects online. The company is currently building eight renewables projects in the Extremadura region totaling 1.3GW capacity. It completed the 500MW Núñez de Balboa development last year in the region, Europe’s largest PV project to-date, and aims to double its solar PV capacity to 16GW within the next four years.

[Edith Hancock]

More: Iberdrola adds 750MW to Spanish solar pipeline

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