Iberdrola has announced new renewable investments in Castile and León, as part of its strategy to consolidate an energy model for the future. The company stressed that these projects will contribute to green recovery and create opportunities for sustainable economic development in the region and the transformation of the Velilla County.
The energy company will promote more than 1,800 MW of renewable projects – wind and photovoltaic – over the coming years: to this end, it plans to allocate more than €1.3 billion. These resources will create jobs for 18,000 people, according to estimates by the National Integrated Energy and Climate Plan (PNIEC).
— Iberdrola (@iberdrola) June 17, 2020
400 MW in Velilla
In Velilla, the company is planning to build the largest photovoltaic complex in the region, with a total installed capacity of 400 MW. It will also be one of the largest in Spain. The estimated investment will be over €300 million and, based on the PNIEC’s estimates, will create 4,000 jobs.
Moreover, this transformation plan includes investments in smart grids and sustainable mobility, the installation of a waste recovery plant, training programs, and the creation of a Civic Innovation Platform to promote entrepreneurship in the region.
On the other hand, the effort to dismantle thermal plants over the next four and a half years will enable to continue collaboration with local suppliers.
Iberdrola has more than 650 MW in renewable wind and photovoltaic projects under construction and in the pipeline in Velilla. It just begun work on the Herrera wind complex, with the most powerful wind turbines in the domestic market to date.
It also began the construction of the Fuenteblanca facility and is working to advance the 164-MW Buniel and Valdemoro wind farms, which are some of the largest for the company and the country. Similarly, three solar PV plants with a total capacity of 400 MW, including a plant in Ciudad Rodrigo.
Iberdrola’s strategy for the transformation of Velilla is based on:
- Investment in 100% renewable projects.
- Invigorating the business fabric and local employment with regards to green principles and innovation.
- Supporting local initiatives.
In addition, Iberdrola will promote its renewable investment plan in the region with the development of a wind and solar project portfolio currently totaling more than 1,100 MW. The process for the development of this portfolio by 2022 will begin this year.
In Castile and León, the company has been at the lead of renewable promotion for over 15 years. In this region, it has more than 5,100 MW of wind and hydro projects in operation, making it the region with more “green” power installed by Iberdrola.
Reactivar la economía y el empleo requiere el impulso de TODOS ➡️ Más inversiones en #renovables y más pedidos a proveedores por una #RecuperacionSostenible ♻️https://t.co/immao1Ildd pic.twitter.com/FRNfe1JXU8
— I b e r d r o l a (@iberdrola) June 17, 2020
New ongoing projects
Additionally, the Ministry for Ecological Transition just gave administrative authorization for the company’s photovoltaic project in the municipalities of Ceclavín and Alcántara, in Cáceres. The city councils have already granted the license to build a 328-MW solar complex for which the company will invest €250 million.
The future solar plant will serve to provide green energy to the 9,000 supply points of Orange’s own network in Spain, for a period of 12 years.
Iberdrola and Orange signed a long-term Power Purchase Agreement (PPA) in February. The Ceclavín plant will provide half of the consumption agreed with Orange (with 200 GWh/year).
Iberdrola is a benchmark in the field of PPAs and manages long-term energy purchase and sale agreements in markets like Spain, the United Kingdom, United States, and Mexico, from wind and photovoltaic projects of more than 2,500 MW.
In Spain, the company has pioneered this modality with companies from different sectors: banking, telecommunications, the beer sector, distribution, and sports brands.
New Iberdrola investments
In late 2017, Iberdrola requested an authorization to shut down its last remaining thermal power stations in the world, located in Velilla (Palencia) and Lada (Asturias); as part of its decision to replace CO2 emitting facilities with state-of-the-art clean energy plants, and thus be at the lead of the energy transition toward a new sustainable energy model.
The company hopes be practically free of emissions in Europe by 2030. It has also set the goal of reaching carbon neutrality by 2050 worldwide. Since 2001, Iberdrola has shut down 15 coal and oil plants all over the world, totaling nearly 8,500 MW.
This green renovation initiative has led it to commit a record amount of new investments amounting to €10 billion in renewable sources, smart grids, and large-scale storage systems, after investing €25 billion in Spain since 2001; for a total of €100 billion worldwide, which has helped create 80,000 jobs in the country.
For more information, check Energía16