Iberdrola has reached a deal with Siemens Gamesa to purchase three wind farms in Spain with a total installed capacity of 117.8 megawatts (MW).
The transaction includes the BaCa wind complex (formed by the Ballestas and Casetona wind farms) and the Puylobo project.
In its statement, Siemens Gamesa stressed this agreement is part of its renewable energies relaunch plan.
Following the announcement, Iberdrola’s shares remained practically flat, slightly increasing by 0.02% in the Madrid stock exchange near 02:33 PM. Meanwhile, Siemens Gamesa stocks went up by 0.49% at the same time.
— BURGOSconecta (@burgosconecta) 23 de octubre de 2019
Progress in the renewable energy sector
The Ballestas and Cacetona wind complex is located in the Castrojeriz and Vallejera municipalities in Burgos. It has a total installed capacity of 69.3 MW and comprises twenty 3.4 MW SG 3.4-132 wind turbines.
Construction of the Ballestas and Cacetona wind farms began in 2018. Both facilities were recently commissioned and their production is expected to supply clean energy to about 25,200 households a year and prevent the emission of 40,000 tons of CO2 per year.
For its part, the Puylobo wind farm has an installed capacity of 48.5 MW and construction is scheduled to begin in the coming weeks with the installation of 14 SG 3.4-132 wind turbines.
Located in the municipalities of Borja and Mallén in Zaragoza, its output will provide clean energy to the equivalent of 20,000 homes per year; preventing the emission of 32,000 tons of CO2 a year.
There is a large local component in the construction of both projects. Practically all of the civil engineering work and the components of the wind turbines – towers, blades, nacelles, hubs, generators, gearboxes and transformers – are manufactured in Spain, at facilities in Asturias, Cantabria, Soria and Burgos.
Iberdrola highlights its agreement with Siemens Gamesa
The deal with Siemens Gamesa is part of Iberdrola’s strategy for renewable power investment in Spain; where it plans to have installed 3,000 MW of capacity by 2022.
Iberdrola currently has over 2,200 MW of wind and solar facilities under construction or at an advanced stage of planning in Spain, representing 75% of its planned installed capacity for 2022.
The projects under construction include 700 MW Núñez de Balboa solar plant and the Cavar and El Pradillo wind farms.
The company plans to have installed 10,000 MW of new capacity in Spain by 2030. This plan will create jobs for 20,000 people.
Iberdrola assures it is committed to leading the transition toward a completely carbon-free economy by promoting renewable energies and accelerating investment in Spain, where it intends to invest €8 billion between 2018 and 2022.
— Iberdrola (@iberdrola) 23 de octubre de 2019
Leader in clean energies
On its website, Iberdrola indicates it currently has an installed capacity of 5,793 MW in Spain, making it the number one wind power producer in the country. Furthermore, its total renewable installed capacity stands at 16,027 MW.
Similarly, Iberdrola stresses that the new investments strengthen its presence in two regions; Castile and Leon and Aragón.
The company has 5,087 MW of renewable power in Castile and León, mainly from hydropower. With this, it has become the autonomous community where it has the largest volume of installed “green” megawatts.
Also, in Aragón it operates 344 MW of wind and hydropower and plans to commission the 23 MW El Pradillo wind farm before the end of the year.
Globally, Iberdrola’s installed renewable energy capacity stands at over 31,000 MW. This makes its generation fleet one of the cleanest in the energy sector.
Finally, Iberdrola underscored that the deal signed with Siemens Gamesa evidences its commitment to bolster renewable energies.
For more information, check Energía16