Capital Energy commences construction of La Encantada, its first photovoltaic plant in Castile-La Mancha, with a capacity of 8 MW

After obtaining all the relevant administrative authorisations

• This solar power plant will produce 16,000 MWh of clean energy each year, equivalent to the annual consumption of more than 6,000 households in Castile-La Mancha, and will avoid more than 6,000 tons of CO₂ emissions annually
• La Encantada will create upwards of 20 jobs during peak construction periods, mobilising a total investment of 6 million euros and generating an annual economic impact of around 20,000 euros for the local coffers

Cuenca, 26 June 2023.- Capital Energy, the Spanish energy company founded two decades ago aiming to become the Iberian Peninsula’s first vertically integrated, fully renewable operator, has taken a major leap towards consolidating its clean energy project in Castile-La Mancha. After obtaining all the relevant administrative authorisations, the company has commenced work on what will be its first photovoltaic plant in the region, La Encantada, which is being built in the municipality of the town of Cuenca.

This new renewable facility from Capital Energy, which will have a capacity of 8 megawatts (MW), will produce 16,000 megawatt hours (MWh) of clean electricity annually, which is sufficient to meet the energy demand of upwards of 6,000 households in Castile-La Mancha. It will also avoid the atmospheric emission of around 6,000 tonnes of CO₂ each year.

The construction of this photovoltaic plant will involve an investment of 6 million euros and will create upwards of 20 direct jobs during peak construction periods. Furthermore, each year and throughout its useful life, La Encantada will make a tax contribution of roughly 20,000 euros to the local coffers and will contribute more than 200,000 euros to GDP.