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Capital Energy signs a Territories Project with Arcos de Jalón

By: Capital Energy · 07 Nov 2022

Promoting the construction of a sports centre in the town

  • 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

Soria, 27 July 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, continues to strengthen its commitment to the socio-economic development of Castilla y Leon, an essential region in the rollout of its clean energy project.

The company has signed the second collaboration agreement in the province of Soria with the Local Council of Arcos de Jalón, 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.

Through this agreement and with the construction of the 132 kV high-voltage line linking the Hazapierna and Medinaceli substations and transporting the clean energy generated by the Hazapierna and Praderas Altas wind farms, Capital Energy has undertaken to promote different actions agreed t between both parties that will be adapted to meet the needs of this locality in Soria. This infrastructure will also cross the municipalities of Coscurita, Escobosa de Almazan, Nepas, Soliedra, Morón de Almazán, Taroda, Almaluez and Medinaceli.

These 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, certain proposals beneficial to the inhabitants of Arcos de Jalón are already being considered, such as the construction of a sports hall.

The partnership between the council and the renewable energy group will also continue throughout the operation and maintenance phase of this 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 Arcos de Jalón through actions that ensure the effective improvement of its inhabitants’ quality of life and of the environment.

The Hazapierna wind farm will be located in the municipalities of Viana de Duero, Nepas and Coscurita, in Soria, and will have an installed capacity of 49.5 megawatts (MW). This renewable facility will be capable of producing more than 160,000 megawatt hours (MWh) per year, enough to provide around 62,000 households with clean electricity, while avoiding the emission of around 61,000 tonnes of CO2.

Meanwhile, in the municipalities of Viana de Duero, Nepas, Coscurita and Escobosa de Almazán, Praderas Altas will also have a capacity of 49.5 MW, generating around 170,000 MWh of clean energy each year, which is equivalent to the consumption of around 65,000 homes. It will also prevent the annual emission into the atmosphere of approximately 64,000 tonnes of CO2.

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.

Castilla y Leon, key to Capital Energy

Castilla y Leon is the hub of Capital Energy’s clean energy project. It is no coincidence that the company has implemented 46 renewable energy projects in the region, totalling a combined installed capacity of over 3,300 MW, more than 2,800 MW of wind power, and around 500 MW of solar power. It should be stressed that the company plans to install more than half its wind farms in so-called fair energy transition catchment areas, such as Compostilla and La Robla in the province of León or the Alfoz district in Burgos, which will benefit from their positive impact.

The construction of this entire portfolio would involve an overall investment of more than €3 billion, and the creation of almost 11,000 direct jobs, a tax contribution of over €60 million during the construction stage, and a contribution to GDP of €850 million.

During the operation and maintenance of these facilities, Capital Energy would provide stable, quality employment for around 420 professionals and would generate an annual economic impact of around €14.5 million, through local and regional taxes. It would also contribute more than €85 million to GDP each year.

This renewable capacity could generate 9.5 TWh per year, enough to cover the energy consumption of around 3.6 million households. Almost 3.5 million tonnes of CO2 would also be prevented from being released into the atmosphere.

The locations of these facilities in seven of the nine provinces - Soria, León, Ávila, Valladolid, Zamora, Palencia and Burgos - have been selected following a multi-criteria analysis of all the variables involved (environmental, technical, urban planning, heritage, social, etc.) and having extensively reviewed all current laws and regulations.

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.