Otero, in the province of Segovia, will provide 505 megawatts to the electricity grid, making this facility the second largest photovoltaic plant in the continent by installed capacity

Iberdrola has announced the construction of a new photovoltaic project in Spain, specifically in the province of Segovia, in Castile and León. With a capacity of505 megawattsand an investment close to220 million eurosThe Otero photovoltaic plant will generate enough green energy to supply290,000 householdsand avoid the emission of 182,000 tons of carbon dioxide annually. To achieve this, the project anticipates hiring up to 1,100 people for its implementation.

These figures, which exceed those of its neighbor Núñez de Balboa (500 MW), in Extremadura, make FV Otero the secondlargest photovoltaic plant in the old continentThey also highlight the investment the electricity company is making in the Autonomous Community of Castile and León, a region where the company manages nearly 5.1 GW of green energy. Examples of this include the construction of three wind farms in Burgos, a wind farm complex in Soria, and several photovoltaic plants totaling 800 MW, distributed across Ciudad Rodrigo (300 MW), Velilla (400 MW), Revilla Vallejera, Ballestas, and projects in Villarino.

Otero Photovoltaic Plant. Source: Iberdrola

Future investments

In addition to the construction of this plant, the Community of Castile and León is going to become a hub ofrenewable energy investmentsby Iberdrola, which estimates up to 2.4 GWthe forecasts for the installation of renewable energy sources in the area. This would mean, according to thepress release published by the company on its website, an investment of nearly 2 billion euros and the creation of24,000 jobs.

All these investments are part of the 2020-2025 strategic investment plan that Iberdrola has launched with the aim of doubling its renewable capacity, as well as “taking advantage of the opportunities of the energy revolution”.