Otero Solar PV Park is a 505MW solar PV power project. It is planned in Castile and León, Spain. 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 2025. Buy the profile here.
The project is being developed and currently owned by Iberdrola. The company has a stake of 100%.
Otero Solar PV Park is a ground-mounted solar project.
The project is expected to supply enough clean energy to power 290,000 households, to offset 182,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $266.282m.
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
For more details on Otero Solar PV Park, buy the profile here.
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.