Capital Energy signs the first agreement related to its Territories Project in Ávila with the Local Council of Peguerinos
Photo caption (from left to right): Sandra Cebrián, promoter of Castilla y León; Carlos Martínez, coordinator of Promotion of Castilla y León; Víctor Fernández, regional director of Capital Energy in Castilla y León; the mayoress of Peguerinos, Asunción Martín; Pilar Martín Dompablo, councillor for Forestry; and Antonio Jesús Muñoz Jiménez, councillor for Town Planning.
The agreement, through which company and the local council will promote actions to improve the quality of life of residents, is linked to the development of the Ágata wind farm.
- 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
- Ágata, declared a site of general public interest and social interest by the local council prior to the signing of this agreement, will mobilise an investment of 132 million euros, will have a capacity of 110 MW, and will generate enough clean electricity to cover the consumption of some 108,000 households each year, avoiding the emission into the atmosphere of more than 102,000 tonnes of CO2
Ávila, 30 de septiembre de 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 strengthening its commitment to the socio-economic development of Castilla y Leon, a key region for the implementation of its clean energy project.
The company has signed a new collaboration agreement in the region with the Local Council of Peguerinos, the first in the province of Ávila, 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.
The signing ceremony, held in the town hall, was attended by the lady mayor of Peguerinos, Asunción Martín; the president of the provincial council of Ávila, Carlos García; and the regional director of the energy company in Castilla y Leon, Víctor Fernández.
By way of this agreement, Capital Energy undertakes to promote, from the construction of the Ágata wind farm, different actions agreed to by both parties and that will be adapted to the needs of this municipality in Ávila. 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 Peguerinos are already being considered, such as the construction of new water supply infrastructure, the improvement of municipal paving, the creation of work crews to clean the surrounding mountains, the implementation of measures to increase the population of the town or the maximising of the range of training activities for young people and adults linked to trades in growing demand.
The partnership between the council and the renewable energy group will also continue through the operation and maintenance phase of the this renewable facility, declared a site of general public interest and social interest by the local council prior to the signing of this agreement, as they will continue to take action that meets the aforementioned requirements. Through this agreement, all parties reaffirm their interest in contributing to the sustainable development of the town through actions that ensure an effective improvement of the environment and quality of life of its residents.
Ágata will be located exclusively in Peguerinos, and its transport infrastructure in the aforementioned town in Ávila and in Santa María de la Alameda, Zarzalejo, El Escorial, Colmenarejo and Galapagar, all in Madrid. The wind farm will have a capacity of 110 megawatts (MW) and will be able to produce more than 275,000 megawatt hours (MWh) per year, enough to provide around 108,000 households with clean electricity. It will also prevent the annual emission into the atmosphere of over 102,000 tonnes of CO2.
The construction of this renewable facility will involve an investment of €132 million and the creation of more than 500 direct jobs during peak periods. In the operation and maintenance phase, it will provide permanent employment for 18 local professionals and will create some 14 indirect jobs.
Every year during its useful life, Ágata will have a tax impact of more than 470,000 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 in excess of 1.5 million euros. It will also contribute more than €2.5 million to GDP each year.
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.