Sunday, June 26 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Capital Energy plans investments of more than 2.4 billion to develop its portfolio of 2,324 MW renewables


    May 16, 2022 - CE Noticias Financieras

     

      MADRID, 15 (EUROPA PRESS)

      Capital Energy expects to invest more than 2,400 million euros to develop its 2,324 megawatts (MW) renewable portfolio, after being the big winner of the last two auctions of 'green' power in Spain.

      According to the socioeconomic impact plan of the investment projects awarded by the company in the last of the auctions, held last October, this total figure includes the capital investment (Capex) for the design, manufacture, transport, construction and connection of all the equipment in the eleven autonomous communities in which it will develop its projects.

      Of this portfolio, the company expects the 2,316 MW of wind power to come into operation before September 2024, while the 8 MW solar project, awarded in the last of the auctions, will come into operation in September of this year.

      Specifically, the group's portfolio comprises a total of 49 renewable projects to be developed in Andalusia, Aragon, Cantabria, Castile and Leon, Castile-La Mancha, Catalonia, Navarra, Valencia, Galicia, La Rioja and Asturias.

      Several bundles with human remains found in Zacatecas

      Mario Escobar, father of Debanhi, denounces false Twitter account

      "It was a femicide" assures father of Yolanda Martinez at her wake

      Regarding the impact of future activities on employment, the renewable group founded by Jesús Martín Buezas estimates that 49,199 jobs would be generated during the total lifetime of the projects assigned to the second auction. Of these, 18,165 direct jobs, 22,145 indirect jobs and 8,889 induced jobs.

      Meanwhile, the employment effect of the company's activity would be 1.7, which means that each direct job generated (18,165 jobs) would generate 1.7 indirect and induced jobs (31,033 jobs).

      Furthermore, as a consequence of these activities during the 30-year useful life of the wind farms, it estimates a contribution to the Spanish Gross Domestic Product (GDP) of 4,906 million euros and a tax contribution of 1,670 million euros.

      The commissioning of this portfolio of 2,324 MW will generate savings to the system of almost 700 million euros and will provide green energy supply to almost 2.5 million homes, according to the company's data.

      MAJOR PLAYER IN RECENT AUCTIONS.

      Capital Energy was the main protagonist in the last renewable auctions carried out by the Government. In the last one, in October, it was awarded a total of 1,548 MW - 1,540 wind and 8 solar - all of which it competed for.

      In the previous auction, in January 2021, the group also became the main protagonist by winning a total of 620 MW of wind power.

      In the October auction, more than 3,120 MW of power were awarded among all participating companies, 95% of the auctioned power (3,300 MW), at an average price of 30.56 euros per megawatt hour (MWh). Of these, a total of 2,258 MW were wind and another 866 MW photovoltaic.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.