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Capital Energy plans to invest more than €100,000,000 to develop three renewable installations in the Autonomous Community of Valencia

By: Capital Energy · 22 Dec 2020

Juan José Sánchez, CEO de Negocio
  • The Company is developing two wind farms, with 37.4 megawatts (MW) of power each, in Castellón and a 50 MW photovoltaic farm in Valencia. All of these projects are pending public consultation.
  • These Capital Energy renewable energy installations, which are the first the Company will start up in the region, will be capable of supplying clean energy to more than 109,300 homes and prevent the emission of more than 116,600 tonnes of CO2 into the atmosphere annually.
  • The wind farms and the photovoltaic farm will foster the creation of some 625 jobs during the construction phase and will have an annual economic impact on the local coffers, as well as with lease agreements, of around €825,000.

Valencia, 22nd December 2020. Capital Energy, a Spanish energy enterprise incorporated in 2002 with the vocation of becoming the first vertically-integrated 100% renewable energy firm on the Iberian Peninsula, continues moving forward to finance its clean energy project in the Autonomous Community of Valencia, where it plans to invest €100,200,000 during 2021 to develop two wind farms (Sabatera and Barcella) and a photovoltaic farm (Ayora).

These Capital Energy renewable energy installations, which are the first the company will start up in the region and which are pending public consultation, will have a joint installed power of almost 125 MW and will be capable of supplying around 292,000 MWh of clean energy annually. This is equivalent to the consumption of more than 109,300 homes in the region and will prevent annual emissions of more than 116,600 tonnes of CO2 into the atmosphere.

The wind farms and the photovoltaic farm spearheaded by the company in the autonomous region, in line with its commitment to the Fair and Green Transition, will foster the creation of around 625 jobs during peak construction times and give permanent employment to around 35 professionals from the area in the operation and maintenance phase.

It will also have an annual financial impact on local coffers (Property Tax and Economic Activity Tax), as well as with lease agreements, of around €825,000. The one-off payments for ICIO (Construction tax) can also be added to this, which will total almost €3,250,000.

Two wind farms in Castellón and a solar farm in Valencia

Sabatera wind farm

Located in the Castellon municipal districts of Tirig and Salzadella, this will have 37.4 MW installed power and involve an investment of €35,200,000. It will be capable of producing more than 93,300 MWh and cover the annual electricity supply to almost 35,000 homes, preventing the emission of more than 37,300 tonnes of CO2 into the atmosphere per year.

During construction it could create up to 216 jobs and, subsequently, it will need 7 professionals for the operation and maintenance phase. It will pay a one-off ICIO (Construction tax) of almost €1,100,000 and will contribute €276,000 to the local coffers, as well as for lease agreements.

Barcella wind farm

Also located in the Castellon municipal districts of Tirig and Salzadella, this will have 37.4 MW installed power and involve an investment of around€35,000,000. It will produce more than 107,300 MWh per annum, covering electricity supply to more than 40,200 homes and preventing the emission of almost 43,000 tonnes of CO2 into the atmosphere.

During construction it could create up to 216 jobs and, subsequently, it will need 7 professionals for the operation and maintenance phase. It will pay a one-off ICIO (Construction tax) of almost €1,100,000 and will contribute €276,000 to the local coffers, as well as for lease agreements.

Ayora photovoltaic farm

Located in the Valencian municipal district of the same name and will need an investment of some €30,000,000. With an installed power of 50 MW and annual production of almost 91,000 MWh, it will be able to supply clean energy to more than 34,100 homes in the province and also prevent emission of almost 36,400 tonnes of CO2 into the atmosphere.

Its construction will foster the creation of up to 192 jobs and, on start-up, there will be 20, who will take charge of operation and maintenance. It will pay a one-off ICIO (Construction tax) of almost €1,040,000 and will contribute €271,000 to the local coffers, as well as for lease agreements.