Development, construction and operation of two solar photovoltaic power plants with a capacity of 20.5MW and 37MW, located in Toledo and Palencia, and hybridising them with battery storage capacity.
The energy sector is responsible for more than 75% of the EU’s greenhouse gas emissions. Increasing the share of renewables in the different sectors of the economy is therefore a key element in reducing CO2 emissions and reducing dependence on fossil fuel imports. The EU’s 2030 target is for 42% of total energy consumption to come from renewables, up from 22% in 2021.
The installation of solar PV increases the production of renewable electricity in Spain, reduces dependence on fossil fuels and contributes to the decarbonisation of the electricity mix. The project also improves the efficiency of the value chain and promotes local employment.
The main beneficiaries of the project are the local communities, who benefit from the local production of CO2-free electricity and increased local employment. Society at large also benefits from reduced air pollution and reduced imports of fossil fuels.
The projects would reduce CO2 emissions by 17,265 tCO2eq.
The viability of the project could be at risk due to possible changes in legislation regarding the integration of renewable electricity and price cannibalization in the wholesale electricity sales markets, which could affect the facility’s revenue generation. Another factor that could affect its viability is the variable price within the established pricing schemes.
