According to "Europe Weekly", Europe's largest solar photovoltaic power plant (solarPV) is finally completed in Spain.
Iberdrola, which is responsible for the production and supply of the power station, completed the project within a year, setting a record for the construction time of such a power station. It is called the Nunez de Balboa project and has obtained the commissioning license of the Ministry of Ecological Transformation.
The National Grid, known as the Spanish Electricity Corporation (REE), has already begun testing and if these tests pass, the plant will begin operation in early 2020.
Nunez de Balboa has a huge installed capacity of 500MW, attracting approximately 300 million euros of capital investment. Iberdrola said it was all about reviving green energy in Spain in the near future. In addition, the company plans to install a 3000MW generating capacity in Extremadura by 2022.
The entire photovoltaic power plant covers an area of more than 1,000 hectares, which is on par with Usagre, Hinojosa del Valle and Bienvenida. Driven in part by Ecoenergias del Guadiana, the project has broken the record for renewable energy. This includes 1.43 million solar panels, 115 inverters and two substations installed throughout the development, which have millions of smaller components.
Economically, the project has brought considerable boost to the surrounding areas of Extremadura, Spain. The project requires more than 1,200 employees to work during peak periods, 70% of which are from Extremadura.
This development has also had a positive impact on the value chain, with up to 30 suppliers participating in the project, most of which are local suppliers. Purchases from these companies amounted to nearly 227 million euros.
In the future, the photovoltaic power plant will produce clean energy and provide electricity to 250,000 people annually. This is equivalent to the combined population of Badajoz and Caceres. It can also reduce carbon dioxide emissions by about 215,000 tons per year.
Initially, Iberdrola received financial support from the European Investment Bank (EIB) and Spain's major financial company, the Spanish Credit Agency (ICO).
With the implementation of long-term power purchase agreements (PPAs), the company and its power stations will provide clean energy to large customers committed to creating more sustainable prospects for the banking, retail, and telecommunications industries.
Editor: Kiko Lee