/15th June 2020, Iberdrola, RENEWABLE MARKET WATCHTM/ Iberdrola group, through its subsidiary in Spain, has built and recently commissioned in Badajoz the Núñez de Balboa solar photovoltaic power plant, which, with 500 MWp of installed capacity and the ability to supply clean energy to 250,000 people, has become the largest in Europe. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) contributed 290 million euros (145 the EIB and 140 the ICO) to finance the plant, thanks to an agreement signed with Iberdrola.
The construction of this project has injected life into the local industrial fabric and created local jobs, with purchases worth €227M from some 30 suppliers, who have participated in the construction, supply of photovoltaic modules, the fixed structure, inverters, transformers, and the civil works and engineering of the electrical lines and substation. The works have created the record number of more than 1,200 jobs, 70 % for Extremadura workers.
The project’s logistical complexity — transporting the main components to the site involved some 3,200 containers — has required a major effort to coordinate the manufacturing, transport and on-site assembly phases. On the other hand, the modular installation design simplifies the installation work and leads to greater safety. The project includes the development of the whole grid connection infrastructure. It has 115 inverters — to convert the DC produced by the panels into AC suitable for use — and over 2,000 kilometres of medium and low-tension cables. The power produced will be exported to the 400 kV Bienvenida substation, located in the town of the same name.”
The project is part of Iberdrola’s plan to install another 2,000 megawatts of solar and wind power in Extremadura by 2022 — of which more than 1,300 are currently awaiting administrative approval —, thus placing this region right in the middle of its European renewable strategy. The announcement was made by the group’s chairman, Ignacio Galán, during the groundbreaking ceremony which saw the first solar panel installed at Núñez de Balboa.
The more information and answers to your questions about the solar market in Spain you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2020 ÷ 2030
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2020
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
