Iberdrola is moving forward with its renewables strategy with the Francisco Pizarro project which, with 590MW and an investment totalling more than €300 million.
Francisco Pizarro, which is now being processed by the Ministry for the Ecological Transition, will occupy a 1,300-hectare site falling within Caceres' municipal areas of Torrecillas de la Tiesa and Aldeacentenera. During the construction phase and until the plant is commissioned in 2022, up to 1,000 people will be employed on the site.
The project will generate enough clean energy to supply 375,000 people every year, more than the total population of the cities of Cáceres and Badajoz; and will prevent the emission of 245,000 tons of CO2 into the atmosphere every year, evidence of the value of this technology to protect the environment and mitigate climate change.
With the addition of Francisco Pizarro, Iberdrola is now building or processing more than 2,000MW in Spain, accounting for 70% of investments in the company's plan for 2022, with a target of 3,000MW in the country.