Spanish energy company, Gas Natural Fenosa has announced that construction is underway on the 49 MW La Nava PV project, its first solar project in Spain’s central region of Ciudad Real. Construction is expected to be completed by the end of 2018.
Gas Natural Fenosa has begun construction on a 49 MW PV project, located between the towns of Almodovar del Campo and Puertollano, in the central region of Castilla La Mancha. The project was approved in July 2017.
The company has invested approximately €34 million in the project, which is expected to create around 90 jobs in both the construction and operations and maintenance phases. According to Gas Natural Fenosa, the plant will also exceed the annual electricity demand for residents of the two towns.
The Mayors of both towns were present to unveil the project, and stressed the importance of renewable energy to the region’s future. Castilla La Mancha’s Director of Industry, Energy and Mining, José Luis Cabezas Delgado also pointed to the region’s leadership in renewables, which he said account for 73% of total installed power, compared to 51% at the national level.
Gas Natural Fenosa moved into the PV business last year, and since promised some major investments: The company was awarded 250 MW of PV projects in Spain’s July 2017 auction, which it said would require around €165 million of investment. The company has also moved into Latin American markets, acquiring projects in Chile and Brazil.