The project was realized by the i-DE distribution company of the Spanish electric utility. The large scale storage battery is intended to improve the quality of electricity supply with a focus on solar projects located nearby.
A source close to the company has told pv magazine although there are investment funds and utilities interested in buying the renewables business, an IPO for the entity has not been excluded.
The project will be built near the Trillo substation, in the Castilla–La Mancha region and represents around 15% of the 3.3 GW solar project pipeline the company hopes to deploy in Iberia by the end of 2023.
The Spanish company plans to develop 66 solar and wind parks that will add 3 GW of renewable energy generation capacity in 50 municipalities near Teruel, Aragon over the next four years. Some 34 facilities will be solar plants that will add 1.3 GW as part of an investment of more than €2.4 billion.
The new generation capacity comes from three 50 MW solar projects Spanish energy company Naturgy secured in an auction by the Spanish government in 2017. The installations are near Ciudad Real, in the central-southern region of Castilla-La Mancha.
The Chinese module manufacturer has provided Cheetah panels for the Talasol project in the municipality of Talaván, near Cáceres in the southern Spanish region of Extremadura.
Enel Green Power has plugged in the 85 MW Totana solar plant, the first project to come online from the renewables auction held by the Spanish government in July 2017. Elsewhere, Solarcentury and Encavis announced their 300 MW Talayuela project has secured a 10-year power purchase agreement.
The €29.7 million financing package was awarded by Banco Sabadell. Renovalia’s 79.2 MW solar park will be Spain’s first PV facility to sell all of its output on the spot market.
Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.
The massive Núñez de Balboa solar plant is planned to be installed in Usagre, near Badajoz, in the southern region of Extremadura, Spain. The funding comes to multinational utility Iberdrola after securing three PPAs for the project.
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