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SUSTAINABILITY

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    GREENALIA OBTAINS SURE SUSTAINABILITY CERTIFICATION FOR ITS CURTIS-TEIXEIRO BIOMASS PLANT IN SPAIN30/12/21The company advances in its environmental commitment, strengthening sustainability throughout the value chain and anticipating compliance with new EU Regulations Greenalia, renewable energy IPP, has successfully completed the audit process to obtain the SURE certification, which guarantees the sustainability of the forestry biomass supplied for consumption in the renewable energy facility that the company has in the town of Teixeiro-Curtis (A Coruña). This Plant consumes raw material sourced mainly from operations residue (branches and bark) generated by forestry companies through their operations in the Galician community. With this step, carried out with certifier GFA Certification GmbH and the Galician engineering company Cerna, the company anticipates compliance with new sustainability requirements set by the Renewable Energy Directive (EU) 2018/2001 (REDII), European regulation that establishes various criteria that all biomasses used in the bioenergy sector must meet. All of which are focused on guaranteeing sustainability, correct mass balance, reduction of greenhouse gas emissions and promoting energy efficiency. Galicia is the ninth largest forest potential in Europe. Annually, they cut almost 10 million tons of wood that generate more than 2 million tons of forest waste. In that sense, the new Forest Plan of Galicia aims to increase the volume of annual cuts to 12 million tons in 2040, which will generate almost 4 million tons of residual biomass. The Curtis-Teixeiro biomass plant has an installed capacity of 50 MW, which places it among the largest in Europe. It stands on a plot of 100,000 m2 and can treat half a million tons of residual forest biomass per year, thus producing renewable energy equivalent to the energy consumption of the city of A Coruña. Since its launch, it has allowed, in addition to the generation of renewable energy at a regulated price, the cleaning of a large part of the Galician mountains, contributing to reduce the risks of fires and forest pests. For the entire biomass collection process, Greenalia has 40 packing machines.  Thus, the operation of the plant has allowed the creation of 200 jobs in the rural environment of the facility in Galicia. About Sure SURE is a voluntary biomass sustainability certification system developed by REDcert (German company with experience in biofuel sustainability certification) and Bioenergy Europe (the European bioenergy association, with extensive knowledge in the biomass market and in managing certifications). SURE offers a practical solution to all agents operating within the bioenergy sector and who need to meet the requirements imposed by the new European Renewable Energy Directive (EU 2018/2001 REDII).... Read more...
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    GREENALIA REGISTERS A 100 MILLION EUROS GREEN PROMISSORY NOTES PROGRAM IN THE SPANISH ALTERNATIVE FIXED INCOME MARKET13/12/21With this program, the company consolidates its position as a pioneer SME in green finance, having rated all of its issued bonds green Greenalia, the renewable energy producer, has registered a 100 million euros package of green promissory notes in MARF (Alternative Fixed Income Market), with a one year maturity, starting in January 2022. The company has made public through the corresponding relevant event published by BME Growth, that Banco Santander acted as the transaction coordinator and lead arranger and jointly with Banca March as transaction dealers. With this transaction, the second green promissory note program in the Spanish market, Greenalia advances on the green financing path, consolidating its position as a pioneer SME in this type of green financial sourcing, a framework in which it has issued four bonds, the last one being a 55 million euros one in December 2020 in Spain, rated with the highest score by Standard &  Poor’s rating agency. The previous three were operated in Luxembourg. Greenalia continues its business development and financial closing, operating within the framework of Green Bond principles promoted by the International Capital  Market  Association (ICMA) and the  Loan Market Association (LMA), organizations that promote development of new ESG (environmental, social & governance) aligned financial practices, aimed at promoting green, environmentally and socially beneficial projects.  All this is also in a framework of increasing transparency and good corporate citizenship principles. This corporate move is added to the 15 million euros capital increase made two weeks ago by the company. Both transactions are part of the expansion plan in which the Coruña company is immersed that includes a diversified and solid pipeline in five technologies (onshore and offshore wind, solar, storage and biomass) both in Spain and the USA. Green Assessment In line with its ESG Policy Book and its Good Governance Manual, Greenalia has submitted its green financing program to a third-party evaluation by Sustainalytics (Morningstar), a leading rating agency for green financing, which has considered that the company’s projects can contribute to the energy transition process in Spain. In this line, the report issued by this independent international agency ratifies that the company’s financial program “is robust, transparent and aligned with the company’s overall sustainability strategy, while contributing to the advancement of Sustainable Development Goal 7 of the United Nations, which includes access to affordable energy, safe, sustainable and modern for all.” Closing higher in 2021 As the company shared in its financial results presentation, the year-end forecasts are positive, with an estimated Ebitda above 32 million euros, well above the 24 million contemplated for this year in the company’s Strategic Plan, which was presented at its debut in the Alternative Market in 2017.... Read more...
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    GREENALIA CONTINUES TO STRENGTHEN ITS CORPORATE GOVERNANCE WITH THE APPROVAL OF THE GREEN BOOK AND ITS CODE OF ETHICS23/11/21With the ratification of both documents by the General Shareholders’ Meeting, the company chaired by José María Castellano advances in the implementation of good corporate and compliance practices The ESG vertices: Environmental (A), Social (S) and Governance (G) are thus incorporated in a transversal way to Greenalia’s business project The company chaired by José María Castellano advances in the reinforcement of its corporate governance policies. Thus, after being approved by the Board of Directors, the Shareholders’ Meeting ratifies Greenalia’s Green Book of corporate policies and the Corporate Code of Ethics. Both documents are based on the philosophy that has guided the company since its inception, where the values of sustainability, transparency and ethics have been present since the birth of this business project. Now “we equip ourselves with the necessary tools to continue defending the organizational culture that has made us a reference in the markets where we operate” Manuel García Greenalia’s CEO stated. In line with the provisions of the European Green Deal, Greenalia reflects in its Green Book its firm commitment to sustainability ESG principles. Thus, within the Environmental scope the company establishes its biodiversity, climate action, circular economy and water policies. With regards to the Social ESG perspective, talent management, human rights, equality, diversity and inclusion, together with occupational safety and health and CSR, are some of the main policy drivers. Transparency and communications, Compliance, Risk Management and Anti-Corruption measures are the focus of the Governance scope.   Environmental strategy for the energy transition  With sustainable energy development as a basis, Greenalia’s commitment to the environment is unequivocal, a policy that pivots on four axes: biodiversity, climate action, circular economy and water. In this framework, respect for biodiversity and ecosystems has led the company to apply a preventive approach that minimizes the possible impacts of new infrastructures as much as possible. The precautionary principle has therefore been incorporated into all evaluations of new infrastructure projects. Impact compensation and the restoration of natural capital are the maxims to follow in cases where the impact is unavoidable. With the aim of promoting participation in the fight against climate change, the decarbonization of the business model is encouraged, with the reduction of greenhouse gas emissions and maintaining the objective of remaining a carbon neutral company since it first reached neutrality in 2019. Following the EU’s Green Deal, Greenalia aligns with the multi-R concept (rethinking, redesigning, re-opening, repairing, redistributing, reducing, reusing, recycling and recovering energy). To this end, the selective collection of waste generated in the different operations of the company is promoted, so that an optimal treatment of them can be made. It encourages the use of non-renewable natural resources and all processes are digitized to avoid the use of material resources. Finally, and with regards to the use of water, reuse is advocated through the continuous improvement of processes and collection systems are optimized so that they do not alter the environment.  Constant dialogue with the environment  In Greenalia, the social impact is projected both among those who are part of the team, with the creation of safe and inclusive work environments, and with the communities where it operates, for which  a permanent contact and dialogue is established with the different community stakeholders. The incorporation and promotion of talent, as well as the creation of inspiring and safe work environments are basic principles in terms of human resources, as well as work for equality and social inclusion and respect for diversity, areas for which it has its own strategy since last year. In CSR terms, the creation of the Greenalia’s Foundation for the Energy Transition is an important instrument to channel social policies, a vehicle that highlights the promotion of projects that contribute to greater social cohesion, the promotion of corporate volunteering and rural social and labor development through the different collaborations with institutions or organizations in the local environment. Code of Conduct and Good Governance  Advancing in the consolidation of its Compliance Program, the governance section of the Greenbook  advances in the company’s transparency policy, reinforcing the information processes -internal and external- of its different actions. In the same way, a section is developed aimed at good corporate conduct, detailed in full in the Code of Ethics, which establishes the implementation of the Ethics & Compliance Channel. An instrument by which both our own staff and our suppliers can communicate any incident, abuse or breach of the Code of Ethics that governs this business project.  Finally, in line with the  strong commitment to  stakeholders, the development of a risk diagnosis and monitoring system is marked, so that they have information and guarantees of the stability of business projects.  With the whole package of measures and objectives set out in both documents,  which are intrinsically linked, Greenalia advances in its corporate governance policies in the same way as it does with its pipeline.... Read more...
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    GREENALIA VERIFIES WITH TÜV SÜD ITS SUSTAINABILITY REPORT, ONE MORE STEP IN ITS POLICY OF TRANSPARENCY AND GOOD GOVERNANCE27/09/21Independent assessments in environmental, social and environmental solutions have been established as  a fundamental tool to comply with sustainability,  transparency and good corporate governance policies. For the first time and in pursuit of greater corporate transparency, Greenalia has submitted its 2020 Sustainability Report to an independent verification process that has been carried out by  TÜV SÜD. The validation and certification project has been carried out based on Global Reporting Initiative’s (GRI) international sustainability reporting standards, – the global leading compliance institution on environmental sustainability reporting and/or documents in which organizations report on economic aspects, environmental and social activities, products and services-. Once the process was completed, TÜV SÜD, a leading company in the search for solutions in sustainability and good corporate governance, has ratified that the sustainability report presented by Greenalia is in accordance with the principles and guidelines specified by GRI, and the information provided is truthful. This verification also improves the quality, usefulness and credibility of data and management processes. In the words of Beatriz Mato, Greenalia’s CSO, “our strength in sustainability lies in the fact that it is a commitment assumed by all levels of the company, starting with its main driver, our CEO, Manuel García. This Sustainability Report verification, together with our ESG Plan and the entry of the director of sustainability in the Board level adds a plus of responsibility. All the people in the organization must go on working day by day to continue creating value in a sustainable and respectful way” For Diana Abengózar, consultant and auditor of the UN of Sustainability and Good Governance of TÜV SÜD, “our goal is to accompany companies in the development of their commitments acquired in the 2030 Agenda and in line with the Sustainable Development Goals”. To this end, the company offers solutions and services aimed at facilitating the correct fulfillment of the objectives of companies in terms of environmental and social sustainability,  as well as in the principles of good governance. “Because only those companies that bet on models based on good governance and sustainability strategies will be really competitive in the medium and long term,” added Diana Abengózar. With this evaluation, Greenalia takes another step in its transparency policy, through which the renewable energy producer relates with the environment and projects its contribution to the territory. The 2020 was the second Sustainability Report of the organization and the first verified, thus allowing it to complete the published financial information, explaining its origin and the way in which it reaches those figures. This action is part of the commitment to ESG (Environmental, Social and Governance factors that make up Sustainability), which Greenalia has been increasing over the years. All this with the aim that sustainability and CSR are present in a transversal way in all the projects developed by the company and to continue the path undertaken in previous years with the approval of the Strategic Sustainability Plan. Thus, during the past year, the renewable energy producer has had a special impact on the promotion of social support programs in those territories in which it is developing business projects. In this way, taking into account the difficulties generated by  COVID-19, social initiatives were carried out to support families in the 2020/21 return to school in five Galician municipalities (4 on the Costa da Morte and one in Lugo). To this end, agreements were signed with local administrations, through which financial aid was established for the purchase of school supplies that benefited half a thousand families with children. These initiatives have served as a preamble to what will be the Greenalia Foundation for the Energy Transition, an entity through which social, inclusion and equality projects will be developed in those environments in which the company is implanted. In addition, in the environmental ESG aspect, they continue to calculate their carbon footprint to continue being a Carbon Neutral company, adhering to FSC International, and maintain the Fair Wood certification.... Read more...
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    GREENALIA TO PARTNER WITH THE A CORUÑA BASKETBALL CLUB AS PART OF ITS SCHOLARSHIP PROGRAM FOR YOUNG PEOPLE AT RISK OF SOCIAL EXCLUSION30/03/21The renewable-energy production company has signed an agreement with the sports club, through which it will cover the costs of sports training for twenty at-risk young people. This initiative comes as part of the company’s CSR policy, through which it has partnered with various programs providing socio-educational support to young people in the regions in which it operates or plans to launch projects. The Greenalia company will join forces with the Básquet Coruña basketball club as part of its social-action plan, for which the company will provide twenty training scholarships aimed at young people at risk of social exclusion. Through this initiative, the renewable-energy producer will pay this A Coruña club the training costs (enrolment, equipment and fees) for this student. With this grant, as established in the agreement, Greenalia hopes to do its part to support socio-educational and integration plans for at-risk families. As such, the company continues to support initiatives as part of its annual CSR plan, through which the company supports the development of inclusive actions in the environments in which it operates. The director of corporate development and sustainability, Beatriz Mato, highlights the role of sport in efforts to ensure social integration “through the values of effort, companionship and teamwork it conveys and which are so vital for people’s daily lives”. Greenalia continues to offer its firm support dedicated to struggling families, particularly during the economic crisis caused by the pandemic. This school year, more than 600 grants have been awarded for school supplies to support families in difficulty – a program carried out in partnership with the municipalities in which Greenalia has launched projects. As part of the CSR plan, the company has also partnered with Cáritas for the collection of toys for its Christmas campaign and in its Educa program, to which nine laptops were donated. Now, the company wants to go further, providing access to sport for young people in difficulty. For their part, Básquet Coruña has thanked Greenalia for its work and strong values in taking over the baton from the Emalcsa Foundation, with a contribution that will “allow Básquet Coruña to continue in this important social-integration work launched three years ago, through which boys and girls at risk of social exclusion may continue to practice their favorite sport, for free”. About the Básquet Coruña Basketball Club Básquet Coruña, founded in 1996, is the leading club across the city and its region, with the largest pool of young players in Galicia (558 licenses registered in the Galician Basketball Federation, with 41 teams, and 224 children practicing the sport through seven basketball schools in the 2019-2020 season). Throughout each season, the club carries out a wide range of initiatives to promote basketball, involving more than 2,000 young people.  ... Read more...

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Lastest News 2020

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    GREENALIA CONTINUES WITH THE DEVELOPMENT OF ITS SOLAR FV PORTFOLIO IN SPAIN WITH 410 MW NOW IN PUBLIC EXHIBITION PHASE10/01/22The company plans the construction and commissioning of nine solar plants in the Andalusian province of Jaén, as published in the BOJA (Andalusian Community’s Official Gazette) and Jaén’s BOP Greenalia advances in the development of its renewable multi-technology projects in Spain. Starting this week, a total of 410 Solar MW’s planned in Jaén Province (Andalusia), begin the public exhibition phase. These 410 MW are distributed in 9 solar plants (Guadame I-V, Zumajo I-II and Marmolejo Solar I-II) in Marmolejo Municipality. To develop these projects, Greenalia foresees an investment of close to 250 million euros and the mobilization of 3,000 jobs during construction and O&M. The facility has a 50 MWp installed capacity, with the exception of Marmolejo Solar I and II (30 MWp). The solar plants will produce energy equal to the consumption of 164,000 families. Its implementation will benefit the environment by avoiding 115,000 tons of CO2 atmospheric emissions. Through this permitting process stage, Greenalia continues the path it started in recent months in which it has provided extra impulse for its solar projects. In addition to the Jaén projects, the Company is developing “El Tranco” Solar Plant, in the Andalusian province of Almería, specifically in Lubrín Municipality, currently pending the corresponding Environmental Impact Statement (DIA), and “Quintos” Solar Plant, also in public exhibition phase. Low environmental impact The documentation submitted for processing includes the different environmental studies, where a low impact is determined, being solely the land movements and occupation during the construction phase the actions that will produce impact on the ground. In this sense, and with the aim of minimizing the impacts as much as possible, prevention measures are established during construction and corrective measures after the end of the works, so that the values prior to the construction phase are restored. High capacity areas Greenalia has 660 MW in solar processing, in projects located in the main resource areas of the Iberian Peninsula (510 MW Andalusia – Jaén, Seville and Almería and 150 MW in the Valencian Community), classified as Zone V, with a 22%-25% annual capacity factor (greater than 2,000 annual production hours), much higher than the 18.8% annual average (1645 equivalent hours, according to the 2018 Electric System Operation Report, published by REE).... Read more...
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    GREENALIA SIGNS A PREAGREEMENT WITH ALCOA TO SUPPLY GREEN ENERGY FOR ITS PLANT IN SAN CIBRAO (LUGO) STARTING ON 202427/12/21The pre-agreement signed between both companies is an important milestone in the negotiation process of a 10 year PPA contract from renewable sources starting 2024 onwards. The Galician renewable energy producer Greenalia has just signed a pre-agreement to supply renewable energy to Alcoa’s aluminum factory in San Cibrao (Lugo). Consequently, Alcoa would guarantee a stable cost for a very relevant energy volume of its Lugo factory from 2024. According to the document signed between the two companies, the group chaired by José María Castellano would commit to Alcoa to supply renewable energy up to 2,297GWh/year. The renewable energy producer would provide this energy with wind farms fully developed in Galicia, mainly in the province of Lugo, where the Alcoa plant is located. The regulatory framework signed would provide for minimum duration of 10 years, starting from January 2024. This pre-agreement is part of Alcoa’s proposal to reactivate the installation on 2024, in an bullish context in terms of electricity prices. Therefore the Galician wind resource is a real opportunity to ensure medium term competitiveness of the Galician industry, and in particular, for Alcoa, through a PPA structure like the one offered by Greenalia. To assume this commitment, in terms of time and amount of energy to be supplied, Greenalia offers up to 18 projects, all of them located in Galicia, with a total installed capacity of 895MW. These projects, already got grid access, have been admitted for processing, and 8 of them have gone to public information already. In addition, the projects offered under the agreement, have been selected based on evacuation nodes, in order to minimize the environmental impact and commissioning calendar. It is worth to mention, that Greenalia has a current pipeline of 3,272MW in Spain, 80% of them have grid access and at a very advanced state of permitting. Among these, 584MW correspond to wind projects in the province of Lugo, with grid access granted by REE in the Xove electrical substation, next to the Alcoa facilities. Part of these projects are being processed through the National Government of Spain, and some other through the Regional Galician Government. More than 50% have already gone throught public information and it is expected that the remaining will do so at the beginning of next year, which will allow to start its construction by the end of the year. An opportunity for development For Greenalia “this operation is a clear evidence of our strong commitment to support the electro-intensive industry of our country; key element in national economic and labor development. In this regard, Alcoa is an essential player in the Galician industry. For this reason, we are willing to work hard so that the projects will take place on the expected calendar, “said Greenalia’ s Chairman José María Castellano.  In this way, added Castellano, “Greenalia contributes with its renewables projects and structure so that the Alcoa plant in Lugo can become one of the most competitive aluminum production plants with renewable energy sources at European level, a very important step for Galicia and fundamental for Lugo”.... Read more...
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    GREENALIA OBTAINS THE CONSTRUCTION PERMIT FOR ITS NEW 40.5 MW WIND FARM, CAMPELO, IN THE NORTHWEST OF SPAIN20/12/21The facility has obtained all the necessary permits from the autonomous community authorities to start the construction work that will be carried out throughout 2022, with an estimated execution time of 11 months Greenalia has obtained the administrative construction authorization and the public utility declaration (DUP) for Campelo Wind Farm, planned between the towns of Coristanco and Santa Comba (A Coruña, Galicia). This project contemplates around 40 million euros investment, as reflected in the Administrative Resolution published by Galicia’s Official Gazette (DOG). The Wind Farm, which already has the corresponding Environmental Impact Statement (EIA), includes 9 wind turbines, with a 4.5 MW unit power, a 112 meters hub height and a 136 meters rotor diameter. Greenalia has introduced different modifications to the project during the permitting process to minimize potential impacts and respond to proposals, allegations and conclusions from the respective sectoral reports. Of these changes made, we can highlight the reduction in the number of wind turbines, from 11 to 9. Also worth highlighting is all the fieldwork carried out to identify the possible presence of two protected species, specifically Euphorbia uliginosa and Centaurea ultreiae. No specimens of these two species were located in the area of implantation of the park after the conducted studies. Regardless of this, Greenalia, aiming to promote the knowledge and repopulation of Centaurea ultreiae, has been leading an ambitious project, with the USC and the Forestry Research Center of  Lourizán, for the recovery of this plant in Coristanco area. Campelo Wind Farm will be located outside natural spaces, the areas collected under the name of Biosphere Reserve or the Catalog of Senlleiras Trees, as is the case with priority areas of protection for birds. With regard to cultural heritage, specific precautions have been established for the protection of existing assets of interest, having carried out an intensive archaeological survey in such a way as to ensure the conservation and non-affectation of all these elements, having the agreement of the General Directorate of Cultural Heritage.... Read more...
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    GREENALIA’S 25,2 MW PENA DA CABRA WIND FARM ON PUBLIC EXHIBITION PHASE IN SPAIN17/12/21This six wind turbines facility, shall be located in the town of Toques (Galicia) and will generate energy equivalent to the annual consumption of 29,000 homes It will have an investment of more than 19 million euros and an impact on the municipal coffers of 385.000 euros Greenalia, the renewable energy producer, is advancing in the processing of its business portfolio in Spain, where it has submitted a new project to public exhibition, as published today in the Galicia’s Official Gazette (DOG). This is the Pena da Cabra wind farm, located within the Coto de Codesas (Toques) area, within the Galician Wind Sectorial Plan. Pena da Cabra Wind Farm includes six 4.2 MW wind turbines for a total of 25.2 MW. All of them located in the town of Toques (A Coruña, Galicia). Each machine will have a 112 meters hub height and a 136 meter rotor diameter. With an estimated investment of more than 19 million euros, it will have an average net production of 100,857 MWh/year, the equivalent of the annual consumption of 29,000 homes, with energy from renewable sources. To this investment figure, the one destined to the local administration is added that is estimated at 385.000 euros for fees and taxes. The area where Pena da Cabra Wind Farm will be located is outside the Natura 2000 Network Protected Areas, also those included in its Expansion Proposal. The implantation area is not located within any IBA (Important Bird Area) or in priority reproduction, feeding, dispersal and local concentration of birds areas. As for the areas included in the Galician Catalogue of Wetlands, it must be said that in the wind farm area there is none present, being the specimens included in the Galician Catalogue of Singular Trees far from the area of implantation. In the avifauna section, a pre-operational study has been carried out that covers a complete annual cycle after which it has been concluded that the wind farm is compatible with the species present. The presence of the Pena da Cabra Wind Farm is considered compatible with the elements defined in the Catalogue of Landscapes of Galicia and, with regard to the cultural and archaeological heritage, to underline that, in the design of the wind farm, the locations of the elements of archaeological heritage and their protection perimeters were taken into account, so that none of them would be affected by it. Likewise, all the machines are located outside the Camino de Santiago.... Read more...
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    GREENALIA ADVANCES IN ITS SOLAR PORTFOLIO IN SPAIN AND SUBMITS TO PUBLIC INFORMATION THE PROJECT “QUINTOS”03/12/21Quintos” (Seville), is the second Greenalia plant in the process of public information (IP) in Andalusia, after “El Tranco” (Almería), in the phase of receiving reports after completing the IP Greenalia continues the processing of its pipeline in Spain, where in addition to the development of its projects in wind and biomass, it has more than 600 MW of photovoltaic in process in the regions of Andalusia and Valencia, two of the areas with the best solar resource in the Iberian Peninsula. The “Quintos” plant, planned in Alcalá de Guadaira (Seville, Andalusia), is currently in the public exhibition phase, an installation that has the access and network connection rights and for whose development an investment of more than 30 million euros and the mobilization of more than 350 jobs are planned. The installation, with a power of 50 MWp, will have 86,207 state-of-the-art solar panels that will allow greater use in the capture of solar radiation. These panels will produce 101,324 MWh per year, that is, the consumption equivalent to 20,000 families and will have an important environmental impact by avoiding the emission of 14,500 tons of CO2 into the atmosphere. With similar figures, the plant of “El Tranco”, in the Andalusian province of Almería, specifically in the municipality of Lubrín, continues its processing. In this case, the public information phase has ended and is pending the corresponding Environmental Impact Statement (DIA). Low environmental impact The documentation submitted for processing includes the different environmental studies, after which a low impact is concluded, being the earthworks and the occupation of the land during the construction phase the actions that will produce the greatest impact on the ground. In this sense, and with the aim of minimizing the impacts as much as possible, prevention measures are established during construction and corrective measures after the end of the works, so that the values prior to the construction phase are restored. High-capacity areas Greenalia has 660 MW in photovoltaic processing, in projects located in the main resource areas of the Iberian Peninsula (510 MW Andalusia and 150 MW in the Valencian Community), classified as Zone V, with an annual capacity factor of 22%-25% (higher than 2,000 annual hours of production), much higher than the annual average of 18.8% (1645 equivalent hours, according to the 2018 Electric System Operation Report, published by REE).... Read more...

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