Capital Energy, a Spanish renewable energy retailer and developer, has announced that it has obtained the environmental impact statement for the 8MW La Encantada solar farm project in central Spain’s Castile-La Mancha region.
The company stated that it will invest €6 million in the photovoltaic project in the Cuenca province. When completed and operational, La Encantada will be capable of generating 16,000MWh per year. According to the company, the power is enough to meet the demand of over 6,000 local households. The project is also set to prevent the emission of around 6,000 tonnes of CO2 annually.
Following the completion of this administrative milestone, La Encantada solar farm project will be in its final stages of processing. Therefore it only requires the prior administrative authorization and the administrative authorization for construction. This will allow the company to apply for the building and installation licence.
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La Encantada solar farm project’s contribution to the economy
During the peak period of construction, the PV plant will generate more than 20 direct jobs. Furthermore, it is expected to make a fiscal contribution to the local economy of over 20,000 Euros per year for the duration of its useful life. According to the statement, it will also contribute more than 150,000 Euros to the local GDP. Furthermore, it was stated that the ICIO and other fees in excess of 250,000 Euros will be paid on time.
Castilla-La Mancha is a key region in the development of Capital Energy‘s ambitious clean energy plan, with the company developing 865MW of clean energy in the community through wind (288MW) and photovoltaic (PV) systems (577MW).
According to the company, its portfolio in the region consists of 11 projects. Five of them are wind while six others are solar. The total investment in the portfolio is over €600 million. Consequently, they offer 2,215 direct jobs, a tax contribution of over €12 million. They also have a contribution to GDP of approximately €165 million.