Spanish renewable energy developer Capital Energy announced in late December that it plans to invest nearly EUR 110 million to install 258MW of PV generation capacity in Madrid. According to the official statement about the plan, Capital Energy has already filed the application for consent and environment impact assessment for public consultation. This story was first reported by Reuters and other Spanish language news platforms.
Named “Gasset”, the project as a whole include PV systems and the supporting electrical infrastructure, and the generation capacity will be spread out across seven municipal districts of the wider metropolitan area. Capital Energy said that it will deploy almost 450,000 PV modules for the Gasset project. Once up and running, the project is expected to deliver more than 500,000MWh of electricity each year and meet the power demand of more than 200,000 homes.
Apart from Gasset, Capital Energy is also developing three other projects in Madrid: 100MW La Vega, 100MW Albares, and 75MW Cruz. Together, these three projects will generate 624,500MWh annually and meet the demand of almost 260,000 homes. Capital Energy currently has a 35GW portfolio, of which 8.7GW has been approved for grid connection.