Iberdrola Developing Photovoltaic Plant in Castilla y León
Iberdrola continues to lead in the roll-out of renewable projects, with the commencement of the proceedings for the project at Otero PV which, with an
Iberdrola continues to lead in the roll-out of renewable projects, with the commencement of the proceedings for the project at Otero PV which, with an installed capacity of 505 MW, will become the biggest photovoltaic plant in Castilla y León and the second-largest in Europe, following the commissioning of the Núñez de Balboa PV (500 MW) and the Francisco Pizarro project (590 MW), which is at the start of the execution stage, also being developed by the company in Extremadura.
The Otero photovoltaic plant will be built in the municipalities of Marazuela, Marazoleja and Anaya, in the province of Segovia, and represents an investment of nearly EUR 220 million.
Its construction will have the benefit of a significant local component, both from industrial suppliers and through the involvement, at peak work times, of up to 1,100 workers. For this development, the company has grouped together plots belonging to as many as 150 local owners, who will also benefit from the project.
Once operational, the plant will generate enough clean energy to supply a population equivalent to 290,000 homes and will avoid the emission of 182,000 t CO2/year.
With the Otero PV, Iberdrola is reinforcing its leadership in Castilla y León, where it already manages 5,100 MW (hydro and wind), making this autonomous community the region in which the company has installed the most “green” megawatts.