Iberdrola has completed its 37MW Montechoro 1 and 2 solar plants in the Algarve region of southern Portugal, and these plants are now feeding electricity into the country’s grid. With an annual production capacity of 56.84GWh, these projects were awarded to Iberdrola in a 2019 auction.

The solar plants feature over 64,554 bifacial panels, generating enough energy to supply around 19,000 households and avoiding the emission of more than 21 million tonnes of CO2 annually. The projects represent a total investment of €30 million, have created approximately 200 jobs in the region, and boosted the local economy by hiring suppliers to construct the grid connection and substation.

Alejandra Reyna, Managing Director of Iberdrola Renewables Portugal, stated, “The completion of two additional photovoltaic plants represents an important milestone on the path to the decarbonisation of the economy, reinforcing the renewable energy production capacity in Portugal and contributing to socio-economic development, in line with national and global targets for reducing emissions and promoting energy autonomy.”

Iberdrola also emphasized its ongoing commitment to biodiversity protection,

implementing various environmental conservation measures during the construction of these plants. The company plans to expand its green energy production portfolio in Portugal, supporting the energy transition, enhancing energy security and competitiveness, and creating sustainable jobs throughout the value chain.