Iberdrola, Mondragon Group and others partner to build a 100 MW PV plant In the Basque Country

Iberdrola, the Mondragon Group, the Provincial Council of Alava and the Basque government’s energy agency (EVE) have created a public-private partnership with the aim of building a 100 MW photovoltaic (PV) plant in the Basque Country. In this partnership, the Basque electricity company has a 75 per cent stake; the EVE, backed by the Provincial Council, has a 20 per cent; and the Mondragon Group has a 5 per cent stake. The solar plant will be set up at an investment of close to Euro 70 million and will generate clean energy to meet the annual power requirement of over 160,000 people. It will almost triple the current 60 MW solar generation capacity of the Basque Country. The project is expected to start in 2022 and will be commissioned by 2023.

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