iberdrola

Claims of €20/MWh bids emerge as country sets sights on next week to publish results of 1.4GW tender, which must choose winners from 10GW worth of projects.

The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.

Utility giant puts forward Francisco Pizarro 590MW project in Extremadura region, just north of separate 500MW scheme already under construction.

Some 2GW of solar and wind will be added in the Extremadura region alone, says utility giant as construction begins for 391MW Nuñez de Balboa plant.

Iberdrola has signed a power purchase agreement with Basque Country-based telecoms provider Euskaltel to supply electricity produced from a 391MW solar project, in what is said to be the first PPA signed between a power company and a telecoms operator in Spain.

Nine of Europe’s industrial power giants and most prominent green bond issuers have clubbed together to put green bonds - mechanisms that are beginning to draw huge traction worldwide - at the heart of their financing strategies.

Spanish energy provider Iberdrola announced that it has commenced construction on a 100MW solar project in the Mexican state of Sonora.