March 16 (Renewables Now) - Spanish power and gas utility Naturgy Energy Group SA (BME:NTGY) will invest EUR 70 million (USD 74.3m) in the construction of three solar farms in the region of Extremadura, western Spain, the company said on Wednesday as it broke ground on the projects.
The new solar farms, El Encinar I, Los Naipes I and Los Naipes II, will each have 50 MW of installed capacity. Together, they will be capable of generating around 315 GWh of electricity per year.
The project sites are located in Badajoz, one of the largest municipalities in Spain. Naturgy said it had coordinate works on the grid connection with three other project promoters in the area, which together will develop 17 solar PV plants.
The collaboration with other promoters spawned a research project alongside the University of Extremadura aimed at studies of effects of solar PV activities on local plant and animal life and soil, Naturgy said.
By the end of the year, Naturgy will have nine renewable energy projects in operation, development or under construction in Extremadura. Among these are two wind farms, the already operational Merengue and its sister project Merengue II, which is scheduled to go online in the third quarter of 2023. Other projects are for solar PV farms.
(EUR 1.0 = USD 1.061)