The new company, in which Iberdrola Renovables holds an 80% share to Caja Rural de Aragon’s (Cajalon) 20%, plans to develop clean energy installations with a total capacity of around 650MW, including a number of wind farms and a solar thermal plant.
In principle, the projects are expected to be completed in a four-year period, although this will depend on the time required to obtain the various permits needed.
The thermal solar plant is expected to be the region’s largest, with a 50MW capacity, and taking up a 245-hectare site between the municipalities of Azaila y La Puebla de Hijar in the province of Teruel.
