Iberdrola has announced development of two solar photovoltaic plants with a combined 750MW capacity in Extremadura, Spain.

The company plans two solar facilities: the 380MW Tagus project in the Alcántara municipality, and the 375MW Cedillo plant located between the Alcántara and Herrera de Alcántara regions.

The Tagus photovoltaic plant will use more than 930,000 panels and 226 inverters on a fixed structure. The plant will begin commissioning between the end of next year and the beginning of 2023.

The Cedillo photovoltaic plant will use 925,680 panels and 180 fixed structure inverters and is expected to come online by next year.

These projects will require an investment of $510m (€420m). Their construction and start-up will create 1,700 jobs.

Iberdrola has eight renewable projects in the pipeline for the region, with a total capacity of more than 1.3GW.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

By 2023, the company will develop more than 2.6GW of photovoltaic energy in Extremadura, using an investment of $2.3bn (€2bn).

Currently, Iberdrola generates nearly 13GW from its renewable projects portfolio in Spain. By 2025, the company plans to invest around $17bn (€14.3bn) in the country.

Last month, Iberdrola announced plans to invest more than $1.2bn (€1bn) in the first industrial scale floating offshore wind farm project in Spain. The wind farm will have a capacity of 300MW.

In a statement, Iberdrola said that the project will spearhead the development of up to 2GW of floating offshore wind projects identified by the company off the coasts of Galicia, Andalusia and the Canary Islands.