Spanish solar project developer Iberdrola plans to install another 2,000 MW of solar and wind power in Extremadura, Spain, by 2022. These new projects will lead to the installation of 10,000 new MW and the creation of 20,000 jobs by 2030. Of the new projects in the region some are at an advanced stage of development, including the »Ceclavín«, »Arenales«, »Campo Arañuelo I« and »Campo Arañuelo II« PV plants. The new renewable generation capacity will mean doubling up the capacity attributed to Iberdrola from the Almaraz nuclear power station. The company aims to invest €8 billion ($9.1 billion) between 2018 and 2022 in Spain. The projects under development in Extremadura and the rest of Spain form part of the €34 billion ($38 billion) global investments that Iberdrola will make between 2018 and 2022.
The announcement was made by the group’s Chairman, Ignacio Galán, during the groundbreaking ceremony which saw the first solar panel installed at the »Núñez de Balboa« PV plant in Usagre (Badajoz). The construction of the facility will involve €300 million ($340 million) investment and create up to 1,000 jobs in the community during peak working periods. Local companies, such as Ecoenergías del Guadiana, Imedexsa, Cubillana, Elaborex and the Instituto Aeronáutico will participate in this project.
»Núñez de Balboa« has 500 MW installed capacity and is the largest photovoltaic project under construction in Spain and Europe. According to Ignacio Galán, »this renewable mega-facility will become the spearhead that will consolidate the leadership position of Extremadura, Spain and the European Union in the transition to a more sustainable energy system.«
As reported, in 2018 Iberdrola has signed several Power Purchase Agreements (PPA) for the »Nuñez de Balboa« solar plant, including food distribution company Uvesco Group (BM Supermarcados), telecommunications operator Euskaltel and Grupo Kutxabank.