Iberdrola Completes Construction of 500 MW Solar Park in Spain

Iberdrola has announced that it has finished construction of its enormous 500 MW Nunez de Balboa solar project in Spain.

The utility has secured a commissioning permit from Spain’s Ministry for Ecological Transition, while local grid operator Red Electrica de Espana has already started energization tests.

The project is going to start serving electricity into the grid at some point in the first quarter of the coming year. Iberdrola has financed EUR 300 million in the project, backed by funding from the European Investment Bank and the Instituto de Crédito Oficial, a Spanish a state-owned bank connected to the Ministry of Economic Affairs.

The installation is not Iberdrola’s only PV mega-project now in development. It revealed plans to build two installations with a total generation capacity of 800 MW of solar near Cuenca, in Spain’s central-southern region of Castilla-La Mancha, in June.

A unit of the Spanish utility commissioned a €2 million lithium-ion energy storage system in the municipality of Caravaca de la Cruz, near Murcia in southeastern Spain, in November.