Spanish company Iberdola has started building a 500 MW photovoltaic plant in the west of the country. Once completed, it will be the largest of its kind in Europe.
Spain covered about 40% of its renewable energy production in 2018. In 2017 it was 33.7%. At the end of 2018, Spain had 98.65 GW of production resources available on land. By 2050, the country wants to achieve 100% of its renewable energy production.
Between 2018 and 2020 he wants Iberdola at home in Spain to invest in renewable resources up to € 8 billion By 2030, up to 10 GW of new production capacity must be produced.
New Nunez de Balboa 500 MW solar power plant should start operating next year. The cost of the investment is around 300 million euros and the project will create 1,000 jobs.
The 1000-hectare solar panels will provide power for up to 250,000 people. The area of Extremadura on the Portuguese border is today epicenter of renewable energy in Spain. There are also other solar plants under construction, such as Ceclavin, Arenales and Campo Arañuelo.