Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy in the Canaries to continue their contribution to energy transition.
The inauguration of the Chimiche II wind farm, their first wind farm project in the Canaries, was conducted on March 1, 2019. The event was attended by the President of the Canaries Government, the President of Tenerife council, and the Mayor of Granadilla de Abona.
Chimiche II, promoted by Energías Ecológicas de Tenerife, is the result of the combination of knowledge and understanding of the local environment - supplied by IFIT- and Iberdrola's technical and operational capability and experience in wind power development.
With 18.3 MW of power, the initiative has required an investment of over 25 million euros, has created during the construction stage over 200 jobs and supplies clean energy to a population equivalent to 15,000 homes, avoiding the emission of 33,000 tonnes of CO2.
The project has included the construction of the outgoing electricity cable and a transformer sub-station which has necessitated a complex feat of engineering to construct the electrical infrastructure over difficult terrain with a multitude of river beds.
Country updates
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February 26, 2019
X-Elio awards construction contracts for 300 MW Spanish solar projects to Eiffage Energia
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February 22, 2019
Canary Islands approves development of 6.9 MW Parque Eolico Los Nicolases wind project
The government council of Canary Islands has approved the development of the 6.9 MW Parque Eolico Los Nicolases wind project proposed by Gas Natural Fenosa Renovables SLU, a unit of&nbs...
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February 19, 2019
Platina Partners sells 30 MW Spanish solar PV portfolio to Q Energy
Platina Energy Partners LLP has sold a 30 MWp portfolio consisting of four operating solar plants located in Spain to a Spanish investment manager, Q-Energy. Platina acquired the four solar PV p...
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February 18, 2019
Marguerite concludes 100 MWp Spanish solar PV acquisition with OPDEnergy
Marguerite, a European infrastructure fund, has acquired an 80% stake from OPDEnergy in two ready-to-build solar PV assets with a total capacity of 100 MWp located in Merida (Extremadura region) and C...
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February 15, 2019
Altamar registers a new infrastructure fund
Altamar Capital Partners has registered a new fund that will be called Altamar Infrastructure Income II FCR. Altamar Infrastructure Income II maintains an investment policy similar to that of fund I:...
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