Iberdrola, through its advanced subsidiary, has advanced in its renewable investment strategy in the United States with Three of its solar projects that total a total capacity of 580 megawatts (MW).
Specifically, the energy group chaired by Ignacio Sánchez Galán HA initiated the commercial operation of its photovoltaic plant True North Solar and has begun to export energy to the network with its Camino and Powell Creek solar parks.
With more than 488,000 solar panels and 321 MW, True North Solar is able to supply about 60,000 American families, equivalent to a city like Badajoz, which makes it the largest photovoltaic project of the company in the United States and It positions Texas as the leading state in renewable energy production.
The project has been an investment of 369 million dollars, (more than 340 million euros) and has created 300 jobs in its construction peak, most of them occupied by local residents.
More than 1,850 million investment in Texas
Iberdrola has been operating in Texas for more than 15 years, adding the production of True North, the company already has seven projects and a combined installed capacity of almost 1.6 gigawatts (GW).
Together, the company’s projects have meant for the state of the southern United States a direct investment of 2,000 million dollars (more than 1,850 million euros) and 118 million dollars (about 110 million euros) in taxes since 2009, contributing to the improvement of the public services of its inhabitants.
True North supplies electricity to the Texana Network and supports the operations of Meta, a company with which the company signed a long -term energy sale agreement (PPA). In addition, True North Solar will also supply energy to the next data center that Meta will launch in the city of Temple, located in the same state.
According to a recent report from the United States Department, Data centers could increase energy consumption by 12% of the country by 2028, which represents three times the level of 2024. Projects such as True North Solar are fundamental to support this demand for demand at the same time, which guarantee that local communities have energy produced locally, clean and reliable for their homes and companies.
For its part, with 105,000 panels, Camino Solar, located in California, will enter commercial operation at the end of this spring, allowing access to clean energy to 14,000 homes, which is equivalent to a population like San Javier (Murcia).
The park has been an investment of 100 million dollars (more than 90 million euros) and the creation of 100 jobs, almost all of them also local.
To carry out both developments, the group has trusted during its construction in US companies, contributing to the country’s economic growth.
In addition, Camino Solar has meant 15 million dollars in state taxes (about 14 million euros) and True North Solar more than 40 million dollars (more than 37 million in euros) directly benefiting public services and their surrounding communities, especially schools.
Meanwhile, the Powell Creek Solar Project, in Putnam County, Ohio, began exporting energy to the local electricity grid earlier this month. AGENGRID continues with start -up activities and other related works before its commercial operation, scheduled by the end of this year.
With a capacity of 202 MW, its 300,000 solar panels will generate sufficient energy to supply the equivalent of some 30,000 homes per year. The project has generated about 500 jobs during construction, most of them local unionized workers in the region.
This is the second advancegrid project in Ohio. Advagrid built its Blue Creek project in 2012, with a capacity of 304 MW and generates sufficient energy to supply about 76,000 homes a year.
A key market with investment plans of 18,000 million
The United States is a key market for Iberdrola and de fact (about 18,303 million euros) to 2030 in network infrastructure.
In this regard, Galán said that the United States is one of the “main investment destinations” of the group, which, at 50 billion dollars (about 45,756 million euros) invested in the last 20 years will add those more than 20,000 million dollars from here at the end of the decade to “modernize, expand and digitize network infrastructure, making possible the increase in demand expected in the country.”
#Iberdrola #advances #investable #investment #solar #projects
