Spain – Iberdrola is making progress with the formalities for the first photovoltaic projects in the area of Valencia, which will have an installed capacity of 450 MW and will represent an investment of more than €235 million.
The company plans to construct two solar power plants (PSF Ayora 1 and FV Cofrentes I) in Valle de Ayora-Cofrentes, each with an installed capacity of 200 MW, along with their electricity evacuation infrastructures, such as a substation and the power lines required to transport energy; and a third 50 MW facility (FV Alhorines) to be located in the district of La Encina in Villena (Alicante).
Economy and business reactivation
Plants proposed for the area will contain a total of approximately one million photovoltaic modules and will offer work to nearly 1,450 professionals at peak periods, helping to reactivate the local economy and directing businesses and workers into future industries. The schemes included making deals with a variety of landowners in various regions.
When running, these plants would produce enough renewable electricity to supply the equivalent of 220,000 homes and prevent emissions of 140,000 tons of CO2 a year into the atmosphere.