In a recent study, Rystad Energy said Spain is on track to become the first of the top five European countries, including France, Germany, Italy and the UK, by power demand to generate more than half of its power from renewable sources.
Spanish utility Iberdrola has already begun construction or entered into operation 60% of its new capacity investments by 2025 at the end of the first quarter of 2023.
Spanish utility Iberdrola has installed more than 4.5GW of solar PV capacity across the markets it operates due to new capacity added in Australia, Spain and Brazil in the first quarter of 2023.
Energy company Avangrid, a US subsidiary of Spanish major Iberdrola, has partnered with solar tracker supplier Array Technologies with the intent to deploy more than US$30 million of its solar trackers.
Featuring nearly 1.5 million PV modules and with a generation capacity of 590MWp, the Francisco Pizarro plant in Spain came into operation in August 2022. George Heynes talks to developer Iberdrola about the challenges of constructing Europe’s largest solar farm.
Iberdrola increased its net profit by 12% to €4.34 billion (US$4.58 billion) in 2022, driven by strong performance in Brazil and the US, offsetting the impact of the energy crisis in the EU.
Spanish utility Iberdrola and Spanish solar PV manufacturer Exiom have partnered to build a module manufacturing facility in Spain with an initial annual capacity of 500MW.
