Iberdrola finalizes the construction of »Núñez de Balboa« PV plant in Spain
Post date: 22/01/2020 - 09:40
Spanish solar project developer Iberdrola has completed construction of the 500 MW »Núñez de Balboa« PV power plant. The facility is forecast to start operations in the first quarter of 2020. Investment was nearly €300 million ($385 million). »Núñez de Balboa« extends over an area of some 1,000 hectares (2,470 acres) straddling the municipalities of Usagre, Hinojosa del Valle and Bienvenida in the province of Badajoz. According to the company, the plant, promoted in collaboration with Ecoenergías del Guadiana, »is a flagship renewable project«.
Around 1,430,000 solar panels, 115 inverters and two substations involving delivery of a total of 3,200 containers. For its development, Iberdrola received green financing from the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO), Spain's state financial agency.
Iberdrola has placed Extremadura at the centre of its renewable strategy in Spain, where it plans to install more than 2,000 MW of photovoltaic energy by 2022. Iberdrola’s plan to invest in renewable energies in Spain includes the installation of 3,000 MW by 2022. By 2030, the company forecasts point to the installation of 10,000 MW. In addition to »Núñez de Balboa«, the company has more than 1,300 MW in renewables in six pipeline photovoltaic projects: »Francisco Pizarro« (590 MW), located in Torrecillas de la Tiesa; »Ceclavín« (328 MW) in Alcántara; »Arenales« (150 MW) in Cáceres; »Campo Arañuelo I, II and III« (150 MW) in the district of Almaraz; and »Majada Alata« and »San Antonio« (50 MW each) in Cedillo. Furthermore it has 300 MW grid access available with which to plan another photovoltaic project.
Construction of the next plant, the Campo Arañuelo complex (Arañuelo I, II and III), with 150 MW, will start in early 2020. The project also includes an energy storage system.
Currently, the company's projects in construction and at the detail design stage - wind and photovoltaic - amount to more than 4,000 MW in Extremadura, Castilla-La Mancha, Castilla y León, Navarre, Aragon, Murcia, Cantabria and Andalusia.
Iberdrola's commitment to a decarbonised economic model has led it to earmark €10 billion a year for investment in renewable energies, smart electricity distribution networks and storage technologies, on top of the €100 billion invested since 2001.