The Spanish utility said agrivoltaic projects and solutions will be evaluated based on costs, technological maturity, crop diversity, and level of digitization among other things.
The new company, which will be majority-owned by the Spanish insurance group, is currently developing 130 MW of photovoltaic projects across Spain.
A global ranking of large scale solar project capacities indicates prominent roles for a resurgent Spain, behind the usual top three of China, the U.S. and India, with Australia and the Netherlands also on the rise. There were disappointing returns, though, for the U.K., Italy and Canada.
Iberlyzer will begin operations next year and will produce more than 200 MW of electrolyzers in 2023, with an initial investment of close to €100 million. In addition, the Spanish energy giant has signed an agreement with Norwegian company Nel to build and develop large electrolyzers in Spain.
Energy giant Iberdrola plans to install 32.5 MW of solar at its combined-cycle power plants in Spain.
The AUD 500 million facility is Iberdrola’s first renewable energy project in the country, which has become one of the great growth region’s for the Spanish company.
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