500 MW solar farm was built in Spain

The largest solar station in Europe, Núñez de Balboa, with a capacity of 500 MW, was built in the Spanish province of Extremadura, Renen reported.

SPP was built by the energy concern Iberdrola, investment in the project amounted to approximately €300 million. The annual output will be 832 GWh.

The station consists of 1.43 million solar panels and covers an area of ​​about 1000 hectares.

The concern has already received permission to commission the station; commissioning tests are currently underway.

In the first quarter of 2020, the commercial operation of the solar farm will begin.

Iberdrola will return investments through the sale of electricity as part of the sale of electricity through bilateral sales contracts that the company has concluded with consumers from the “banking, telecommunications and retail sectors”.

Iberdrola is currently building a larger solar power plant, Francisco Pizarro, with a capacity of 590 MW.

Earlier it was reported that in Spain two coal-fired power plants would be replaced by green energy complexes with a total capacity of 2115 MW.

Tags: contracts, renewable energy, solar energy, legislation, electricity, EU, feed-in tariff, ETL, electricity market, ВИЭ, energy storage, investments, investors, power system balance, energy efficiency

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