Investment in renewable energy fell from $169bn to $133bn between 2017 and 2018. Credit: Iberdrola, S.A.

Electric utility company Iberdrola has signed an agreement with Siemens Gamesa to acquire three windfarm developments in Spain with a combined capacity of 117.8MW.

As part of the deal, Iberdrola will purchase BaCa (Ballestas and Casetona) windfarm and the Puylobo project.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Located in the municipalities of Castrojeriz and Vallejera in Burgos, the Ballestas and Casetona windfarm is equipped with Siemens Gamesa’s 20 3.4MW SG 3.4-132 wind turbines that have an installed capacity of 69.3MW.

The clean energy generated from this facility will be sufficient to power 25,200 homes in the region while offsetting 40,000t of carbon emissions per year.

Work on the 48.5MW Puylobo windfarm is expected to begin in the coming weeks and will see the installation of 14 SG 3.4-132 wind turbines. Puylobo wind farm will be built in the municipalities of Borja and Mallén in Zaragoza.

The output from this windfarm will provide clean energy to the equivalent of 20,000 homes annually and prevent 32,000t of CO2 emissions every year.

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.

Iberdrola noted that the components of the wind turbines including towers, blades, nacelles, hubs, generators, gearboxes and transformers would be produced in Spain at manufacturing facilities located in Asturias, Cantabria, Soria and Burgos.

The investment in Spain is in line with Iberdrola’s investment plan for renewable energy in the country, where it plans to install 3,000MW by 2022.

By 2030, the company plans to install 10,000MW of new capacity in Spain and create employment opportunities for 20,000 people. Globally, it has an installed renewable capacity of more than 31,000 MW.