Spanish energy company Iberdrola has completed the construction of its gigantic 500 MW Núñez de Balboa solar project in Spain's western region of Extremadura.
nunez de balboa
Gigantic solar farm Nuñez de Balboa in Spain. Source: Iberdrola
The company said that it has received a commissioning permit from the country's Ministry for Ecological Transition and local grid operator Red Eléctrica de España has already commenced energisation tests.
The mega-project is expected to start feeding electricity into the grid at some point in the first quarter of 2020. Iberdrola has invested roughly €300-million in the project, backed by funding from the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO), 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. In June, 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 November, 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.
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