Endesa, through its renewable energy division, Enel Green Power España (EGPE) has been awarded 72.4 MW of photovoltaic solar capacity in the Balearic Islands, within the framework of the concession auction for investment aid that was carried out by the Ministry for Ecological Transition and the IDAE, in collaboration with the Government of the Balearic Islands, financed by the European Regional Development Fund (ERDF). At this auction, aid was awarded for a total of 326.333 MW of new capacity in photovoltaic solar installations.
The 72.4 MW obtained by Endesa are added to the 879 MW of renewable power that were awarded in the auctions launched by the Ministry for Ecological Transition in 2017.
The company will invest approximately €60 million in the construction of the solar power awarded at this auction, an amount that adds up to a total investment of more than 800 million which represents the 879 MW obtained from the previous auctions.
Endesa estimates that the projects needed to develop this 72.4 MW amount will be operational before the end of 2022, generating approximately 114 GWh a year and avoiding the annual emission of around a few tons of CO2 into the atmosphere.
Endesa currently manages more than 6,983.8 MW of renewable capacity in Spain through its Enel Green Power España division. Of this figure, 4,710 MW are of conventional hydraulic generation and the rest, more than 2,273.8 MW, come from wind (1,843.8 MW), solar (337 MW), mini-hydro (79 MW) and other renewable energy sources (14 MW).