Capital Energy develops portfolio of 504 MW wind projects in Spain

Capital Energy advances in the development of the portfolio of four onshore wind projects in the region of Aragon, Spain. With a total capacity of 504 MW, the wind farms and associated power evacuation infrastructure will involve an investment of around EUR330 million (USD390.17 million).

The Ministry for the Ecological Transition and the Demographic Challenge (Miteco) has released to public information the authorization requests of the Céfiro, Paucali, Arlo and Argestes onshore wind farms. Together, these projects will produce more than 1.5 million MWh of electricity per year, which is enough to supply electricity to 630,000 homes in Aragon. The wind farms will avoid almost 600,000 tons of CO2 emissions annually. The portfolio includes the following onshore wind projects:

• 96 MW Argestes wind farm- will be located in the province of Teruel and will have an investment of EUR60 million (USD70.96 million). The farm will include 16 wind turbines of 6 MW of unit power. 
• 102 MW Arlo wind farm- will be located in the provinces of Zaragoza and Teruel and will consist of 17 turbines with 6 MW unit capacity. The project's investment is almost EUR62 million (USD73.32 million).
• 114 MW Paucali wind farm- will be located in Maella, Zaragoza and will have an estimated investment of EUR73 million (USD86.3 million). The farm will include 19 wind turbines, each with 6 MW of capacity. 
• 192 MW Cefiro wind farm- will be located in the province of Teruel and will consist of 32 wind turbines. The project will have an investment of around EUR135 million (USD159.65 million).

Construction is expected to create up to 2,900 jobs and will have an annual economic impact of at least EUR4.3 million (USD5.08 million). Furthermore, 100 permanent jobs will be provided in the area during the operation and maintenance phase.