FRANCISCO PIZARRO PHOTOVOLTAIC PLANT

Francisco Pizarro, the largest photovoltaic project in Europe

Through its subsidiary in Spain, Iberdrola group is to build the Francisco Pizarro project, which, with its 590 MWp installed capacity, will provide clean energy to 375,000 people a year and will become the largest photovoltaic plant in Europe after its start-up in 2022.

Location
Torrecillas de la Tiesa and
Aldeacentenera (Cáceres)

Total installed capacity
590 MWp

Total investment
More than 300 million euros

Start date
2022

Francisco Pizarro
photovoltaic plant

The Iberdrola Group takes another step forward in its investment strategy in renewables with the start of the Francisco Pizarro project. This is a new photovoltaic plant that will have an installed power of 590 MWp and that, once it comes into operation in 2022, will generate enough clean energy to supply 375,000 people a year, an amount greater than the populations of the cities of Cáceres and Badajoz.

These figures make Francisco Pizarro the largest photovoltaic development in Europe and the largest launched by Iberdrola worldwide. It thus surpasses the company's other great emblematic project in Extremadura, the Núñez de Balboa photovoltaic plant, with an installed power of 500 MWp.

The new construction will occupy an area of 1,300 hectares between the municipalities of Torrecillas de la Tiesa and Aldeacentenera and will prevent the emission into the atmosphere of more than 245,000 tons of CO2 per year. The project — which has already received the environmental impact statement from the General Directorate for Environmental Quality and Assessment of the Ministry for Ecological Transition — will have an investment of more than 300 million euros and will employ 1,200 people during its construction.

POWER PURCHASE AGREEMENT WITH DANONE

Iberdrola and Danone have joined forces in their sustainability commitments with the signing of a long-term Power Purchase Agreement (PPA), which will drive the development of Francisco Pizarro. The initiative consolidates Danone's renewable strategy and means that 100 % of the renewable electricity used in its plants and factories in Spain will come from this solar project.

The agreement reached will guarantee the long-term green supply of electricity to all Danone's Spanish production plants and its natural water sources, located in Asturias, Barcelona, Gerona, Guadalajara, Granada, Madrid and Valencia; as well as its logistics centres and offices. Danone España's suppliers, Graham Packaging and Salvesen Logística, have also joined the alliance.

LEADER IN RENEWABLE ENERGY IN SPAIN

Iberdrola is convinced that the energy transition can act as a key driver in the transformation of industry and the green recovery of the economy and employment. With this in mind, Iberdrola has launched a major investment programme totalling €75 bn between 2020-2025, with the aim of doubling its renewable capacity and supporting the energy revolution that the world's major economies are facing.

Investments for Spain for the period amount to nearly €14.3 bn, half of which — over €7 bn — will be earmarked for new renewable projects, while €4.5 bn will go towards fortifying and continuing to digitalise the electricity grids.

After 20 years promoting the energy transition in Spain, Iberdrola leads in renewable energy in the country, with an installed renewable capacity exceeding 16,700 MW at September 2020 — an amount that rises to more than 33,000 MW worldwide, making its generation facilities among the cleanest in the energy sector.