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Spanish utility Iberdrola SA (BME:IBE) introduced right now it has secured the environmental approvals for the 1,200-MW Fernando Pessoa photo voltaic farm it plans to construct in southwest Portugal.
Positioned in Santiago do Cacem, close to Sines and named after the Portuguese poet, the photovoltaic (PV) plant is scheduled to begin operation in 2025. When on-line, Fernando Pessoa ought to be able to producing sufficient clear power to satisfy the annual consumption demand of round 430,000 households.
In line with Iberdrola, the power would be the largest photo voltaic park in Europe and the fifth worldwide.
Spanish agency Prosolia Power is a associate within the photo voltaic venture. Fernando Pessoa has already secured a grid connection settlement with Portuguese operator REN.
Iberdrola famous it plans to speculate some EUR 3 billion (USD 3.3bn) within the Portuguese wind and photo voltaic sector over the following years. In 2023, the utility will begin building works on the 64-MW Carregado and the 37-MW Montechoro I and II photo voltaic initiatives.
(EUR 1.0 = USD 1.090)
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