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January 5, 2022

Iberdrola Algarve Solar PV Park, Portugal

By Carmen

Iberdrola Algarve Solar PV Park is an 83MW solar PV power project. It is planned in Faro, Portugal. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 83 83 Permitting Faro, Portugal Iberdrola

Description

The project is being developed and currently owned by Iberdrola.

Iberdrola Algarve Solar PV Park is a ground-mounted solar project which is planned over 135 hectares.

The project is expected to generate 90,495MWh electricity and supply enough clean energy to power 7,631 households. The project is expected to offset 34,026t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $107.07m.

The solar power project consists of 110,000 modules.

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Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.

About Iberdrola

Iberdrola SA (Iberdrola) is an energy utility. It constructs, operates and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy sources. It also trades electricity and gas in wholesale markets; and retails electricity, gas, and other related products and services. Iberdrola retails energy to residential, commercial, industrial, institutional and other customers. In its transition to a sustainable energy model, the company makes considerable investments in smart grids, renewable energy, large-scale energy storage and digital transformation, Iberdrola operates in Europe, North America, South America and other regions. Iberdrola is headquartered in Bilbao, Vizcaya, Spain.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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