Renewables major Iberdrola has switched on Europe’s largest solar power plant to date, with the 590MW Francisco Pizarro PV array now producing to the grid in Spain’s south-west.
The €300m ($307m) solar power project, the Bilbao-headquartered company’s largest to date, will supply some 335,000 homes in the area and avoid CO2 emissions of 150,000 tons a year.
Iberdrola built the Francisco Pizarro PV plant, located between the municipalities of Torrecillas de la Tiesta and Aldeacentenera in the Extremadura region, based long-term power purchase agreements with dairy products maker Danone, pharmaceutical conglomerate Bayer and drinks giant PepsiCo.
“These contracts provide stability to investments and have become an optimal tool for managing the electricity supply of large customers committed to accelerating the energy transition to reduce dependence on fossil fuels and who are dedicated to clean and sustainable consumption,” said Iberdrola.
Iberdrola has 19.3GW of operating renewables and has earmarked €14.3bn for build-out of wind and solar farms along with a smart grids programme by 2025.