Reuters exclusively reveals that Iberdrola and Prosolia plan $1 billion solar spree in Iberia

Last Updated on 06/10/2021 by


Reuters revealed that wind power giant Iberdrola and solar project developer Prosolia Energy will jointly invest 850 million euros ($996 million) in five solar parks in Iberia by 2025, including one of Europe’s largest power plants in Portugal. Through the deal, the companies aim to develop total new capacity of 1.5 gigawatts (GW) in four photovoltaic parks in Spain and a mega-plant in Portugal, which is almost equal to the country’s entire current installed capacity, by 2025. Solar photovoltaic technology captures sunlight and turns it into electrical energy.

Article Tags

Topics of Interest: EnergyEnvironment

Sectors: Business & FinanceCommodities & EnergyEquitiesUtilities & Other Energy

Regions: Europe

Countries: PortugalSpain

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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