Capital Energy signs a new agreement with the Local Council of La Puebla de Cazalla related to its Territories Project in Seville

The agreement, in which both parties will promote actions to improve the quality of life of residents, is linked to the development of the Pinarejo I and II wind farms.

• This initiative combines the company’s contribution towards the decarbonisation of the economy and transformation of the energy model, through the commissioning of renewable energy facilities, with its desire to promote regional growth through local talent and promotion of its social, industrial and business network
• The construction of Pinarejo I and II - totalling 60 megawatts (MW) of capacity - will start in the first quarter of 2023, will lead to the creation of around 190 jobs during peak construction periods, and will mobilise a combined investment of over 60 million euros.

Seville, 19 October 2022.- Capital Energy, a Spanish energy company established two decades ago that seeks to become the first vertically-integrated 100% renewable energy operator in the Iberian peninsula, is once again highlighting its commitment to the socio-economic development of Andalusia, an essential region for the strengthening of its clean energy project.

The company has signed another collaboration agreement in the region, the second in the province of Seville and the third in Andalusia with the Local Council of La Puebla de Cazalla, linked to its Territories Project that combines its contribution to the decarbonisation of the economy and transformation of the energy model with its desire to promote the growth of the different regions by leveraging local talent and bolstering the social, industrial and business network of each area.

By way of this agreement, Capital Energy undertakes to promote, from the construction of the Pinarejo I and II wind farms that are expected to start in the first quarter of 2023, different actions agreed to by both parties and that will be adapted to the needs of this municipality. The initiatives will be part of specific lines of action, including the improvement of infrastructures and services, connectivity and digitisation, protection of artistic and cultural heritage, education, health, and social and labour integration of disadvantaged groups.

In fact, some proposals beneficial to the inhabitants of La Puebla de Cazalla and linked to social, cultural, youth, educational, sporting and environmental areas are already being considered.

The partnership between the council and the renewable energy group will also continue throughout the operation and maintenance phase of this renewable infrastructure, with the rollout of actions that meet the above requirements. Through this agreement, all parties reaffirm their interest in contributing to the sustainable development of the town in Seville through actions that ensure an effective improvement of the environment and the quality of life of its residents.

Last July, the Regional Government of Andalusia granted the three administrative authorisations that remained outstanding - Unified Environmental (AAU), Prior (AAP) and Building (AAC) - for the high-voltage line that will deliver the electricity generated by these wind farms to the grid, which already had these official permits. After achieving this important administrative milestone, both these projects and their transport infrastructure face the final stage in their respective procedures, needing only to obtain the corresponding building and installation licenses.

Pinarejo I will have a capacity of 36 megawatts (MW), distributed over seven wind turbines, and will be able to produce around 85,000 megawatt hours (MWh) of clean electricity per year, equivalent to the consumption of more than 32,000 Andalusian households. It will also prevent the annual emission of almost 32,000 tonnes of CO₂.

The construction of this wind farm will involve the creation of around 110 direct jobs during peak periods, and an investment of €40 million. The operation and maintenance of Pinarejo I will give permanent employment to five local professionals and encourage the creation of some four indirect jobs.

Every year during its useful life, this renewable facility will have a tax impact of around 100,000 euros on the local coffers, which will also receive the one-off payment of the ICIO tax on building, installations and other works and other taxes of around 700,000 euros. Finally, it will contribute approximately €800,000 per year to GDP.

Pinarejo II will have four turbines and an installed capacity of 24 MW. It will be able to generate around 60,000 MWh each year, enough to provide almost 23,000 households with electricity, while avoiding the emission into the atmosphere of more than 22,000 tonnes of CO₂.

Its construction will create almost 80 direct jobs during peak construction periods, and will mobilise an investment of approximately €23 million. In the operation and maintenance phase it will provide stable, quality employment for three local professionals and contribute to the creation of around two indirect jobs.

Moreover, Pinarejo II will make a lifetime contribution to GDP equivalent to 550,000 euros per year and an annual tax contribution to local coffers of some 66,000 euros. A one-off payment of the ICIO tax on building, installations and other works and other taxes for around 400,000 million euros will be added to this recurring amount.

The Territories Project, a differential value

Through the Territories Project, Capital Energy is keen to articulate its commitment to sustainable development, become a neighbour in the regions where it operates and contribute to their social and economic growth.

To achieve this, the enterprise is committed to allocating specific financial items during the construction and operation phases of its renewable energy facilities to implementing the actions agreed to with the different local stakeholders. This different approach will see the group consider the specificities and needs of each region in the selection of initiatives.

Through these actions, Capital Energy aims to pair the development of its renewable energy projects in Spain and Portugal with the launch of social and environmental action programmes pivoted to local needs to fully leverage its contribution to the socioeconomic progress of the places where it operates.

About Capital Energy

In line with its commitment to a green and fair energy transition, Capital Energy currently has a wind and solar portfolio on the Iberian Peninsula of over 30 gigawatts (GW) of power, with more than 8.5 GW already awarded grid access permits.

Capital Energy has achieved its strategic goal of being present along the entire value chain of renewable generation: from design, where the enterprise has a consolidated position thanks to its 20-year track record, to construction, production, storage, operation and supply. The company has 15 offices in Spain and Portugal, with almost 360 employees.