Iberdrola Algarve Solar PV Park is an 83MW solar PV power project. It is planned in Faro, Portugal. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024. Buy the profile here.
Description
The project is being developed and currently owned by Iberdrola. The company has a stake of 100%.
Iberdrola Algarve Solar PV Park is a ground-mounted solar project which is planned over 100 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 $98.77m.
The solar power project consists of 110,000 modules.
Development status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
For more details on Iberdrola Algarve Solar PV Park, buy the profile here.
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.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
