Ferrovial to build 1.7MWp floating solar plant in Spain

Business Developments & Projects

April 4, 2023, by Amir Garanovic

Ferrovial, through its construction division, has secured a contract for the construction of a 1.7MWp floating solar plant in Madrid’s municipality of Torrelaguna in Spain.

Illustration/Floating solar panels (Courtesy of Ferrovial)

The contract, worth €2.1 million, includes the engineering, construction, and commissioning of the plant, which will be operated by Canal de Isabel II, a company that manages the water supplies for Madrid.

The work is the first of Canal de Isabel II’s awards within the framework of the Solar Plan, an initiative it launched to promote the generation and self-consumption of renewable energies, and which includes an investment of €45 million as a whole.

The infrastructure will be installed during the first months of 2023 on the lower reservoir of the Santa Lucía Hydroelectric Power Plant in Torrelaguna.

It will generate more than 2,000MWh of clean energy to offset the energy consumption of Canal de Isabel II’s activity with renewable sources. In addition, this facility will reduce the evaporation of water from the reservoir, achieving greater efficiency in its processes, according to Ferrovial.

In line with its Horizon 24 Plan and its commitment to sustainability, betting on complementary businesses that contribute to the decarbonization of the economy, Ferrovial has launched within its construction division the Energy Solutions area.

It is aimed at turnkey projects for developing solar and wind power plants, as well as strengthening traditional activities within Ferrovial, mainly in energy transmission and distribution projects, as well as energy services.

The new contract reinforces other renewable energy infrastructure initiatives that the company is carrying out, such as the turnkey construction of the 50MWp El Berrocal photovoltaic solar plant in Seville, the construction of two 100MWp photovoltaic solar energy projects in Andalusia with an investment of €75 million, and the construction of the Cabo Leones wind farm in Chile.

The company has recently been awarded the construction of a 200MWp solar photovoltaic plant in Badajoz in Spain, in addition to other initiatives such as the construction of a floating offshore wind platform off the coast of Vizcaya, in the Basque Country.