28 °C Singapore, SG
July 1, 2020
Latest News
5 trends this decade that will shape Singapore’s switch to electric mobility IEEFA Philippines: Reshaping the power market by moving towards renewables and energy resilience by 2021 In 2020’s biggest energy deal, six global firms strike $20 billion agreement with Abu Dhabi state oil giant Sport’s carbon footprint is global bad news Just Launched: Renewables 2020 Global Status Report Australia’s 5GW wind energy pipeline celebrated on Global Wind Day Standing tall: How green buildings are adapting to the post-Covid era Australia’s most efficient solar cell, next to ‘revolutionise an entire industry’ IEEFA India: Prime Minister Narendra Modi’s new ‘One Sun One World One Grid’ vision positive Carbon-neutral aircraft might work with ion drive New coalition says offshore wind could power 10% of world’s energy demand IEEFA: Renewables continue to break records despite COVID-19 TEPCO to invest more than $9bn in renewables before 2030 New York’s Siting Board approves 340MW Alle-Catt wind facility Millions of species face extinction emergency Indian energy giants to form renewables JV Siemens Gamesa reveals world’s largest wind turbine Report: HVDC powerlines and green hydrogen are most cost-effective way to decarbonize global energy system Webinar: What impact is Covid-19 having on global CO2 emissions? Tropical forests can still store ‘high levels’ of carbon under 2C of warming Five reasons why now is a good time for a fee on carbon emissions It’s a bigger threat than coronavirus, but for decades, we’ve done very little to fight it US Interior department approves plan for the largest solar project in U.S. history General Motors to purchase 100 MW of solar energy to power Spring Hill Risk management for energy efficiency investments COVID-19 recovery and climate action: In interview with Energy Cities IEEFA Asia: Asian financial institutions also beginning to exit coal financing Analysis: Coronavirus has cut CO2 from Europe’s electricity system by 39% New UK statistics reveal biofuels boost New Wpd joint venture targets Taiwanese auction

Iberdrola to replace its last two coal plants in Spain with subsidy-free solar, wind

Recharge:

Utility Iberdrola is submitting a plan to build 550MW of subsidy-free wind and solar to replace the group’s last Spanish coal-fired power plants.

Speaking at the opening of the COP25 UN climate summit in Madrid, Iberdrola group chairman Ignacio Galan said the renewables projects would replace two coal generators that are scheduled to be decommissioned next year.

The proposal, to be presented on Monday to Spain’s Ministry for the Ecological Transition, would see 420MW of new wind and PV deployed in Velilla in the province of Palencia, and four wind farms with a joint capacity of 130MW in Lada, in Asturias, both in the country’s north.

The new renewables capacity – due online in 2022 – will be underpinned by power purchase agreements (PPAs), reflecting the strong appetite for such deals in the Spanish renewables market and the competitiveness of wind and solar, Iberdrola told Recharge.

With a combined capacity of 874MW, Velilla and Lada are Iberdrola’s last remaining coal-fired power plants. An application for their phase-out was filed in 2017 and the Spanish government is expected to give a final ruling on the matter next year.

“Over the course of 15 years, Iberdrola will have completed the process of phasing out a total of over 8.5GW of coal-fired and fuel oil power generation capacity in several countries,” said Galan.

More: Iberdrola launches huge renewables plan for coal wind-down in Spain

Source

Leave a Reply

Your email address will not be published. Required fields are marked *