Capital Energy signs the second agreement in Andalusia related to its Territories Project with the Local Council of Jerez
El director regional de Capital Energy en Andalucía, Salvador Caro, y la alcaldesa de Jerez, Mamen Sánchez, durante la firma del convenio.
The enterprise and the local council are to promote initiatives adapted to local needs during the construction and operation phases of the El Barroso wind farm.
- This initiative combines Capital Energy’s contribution towards the decarbonisation of the economy and transformation of the energy model with its desire to promote regional growth through local talent and promotion of the social, industrial and business network
- The group is making progress on the work at El Barroso which, with 27.5 MW of installed power, will generate over 65,000 MWh of clean electricity per year, enough to meet the demand of almost 25,000 Andalusian households and preventing the emission into the atmosphere of nearly 24,000 tons of CO2
Jerez de la Frontera (Cadiz), 8 March 2022.- Capital Energy, a Spanish energy enterprise established two decades ago that seeks to become the first vertically-integrated 100% renewable energy operator in the Iberian peninsula, has once again shown its commitment towards the socio-economic development of Andalusia and, more specifically, of Jerez de la Frontera.
The company has signed the second partnership agreement related to its Territories Project in the region- the fourth in Spain- with the local council of this town in Cadiz where it is building the El Barroso wind farm. This initiative combines Capital Energy’s contribution towards the decarbonisation of the economy and transformation of the energy model with its desire to encourage growth of the regions where it is present through local talent and promotion of the social, industrial and business network.
Through the agreement, the renewable energy group agrees to promote, right from the current construction phase of this renewable energy infrastructure, different agreed actions between both parties that will adapt to meet the needs of the municipality.
These actions 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.
The partnership will continue throughout the operation and maintenance phase of La Barroso, with the rollout of initiatives that meet the above requirements. Through this agreement, both the local council and the company confirm their interest in contributing towards the sustainable development of Jerez by fostering initiatives that encourage the effective improvement of local quality of life and the town’s environment.
El Barroso, which will have an installed capacity of 27.5 megawatts (MW) distributed over five General Electric Cypress wind turbines, will be able to supply more than 65,000 megawatt hours (MWh) per year, enough to meet the energy demand of almost 25,000 Andalusian households and preventing the emission into the atmosphere of approximately 24,000 tons of CO2.
Capital Energy continues to make progress in the construction of this wind farm, which is creating around 115 direct jobs during peak periods and is mobilising an investment of around €34 million. It should be highlighted that the enterprise is using local workers for the commissioning of this infrastructure, thanks to a prior agreement signed with the Local Council of Jerez.
In the operation and maintenance phase, it is expected to give permanent employment to four local workers and generate a tax contribution to the local coffers (mainly local property tax and business tax) of almost €90,000 per 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, and was the case in Jerez, 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.
The Territories Project started with the partnership agreement that the company signed with the Local Council of Lebrija, a town in Seville where it is building the Loma de los Pinos wind farm. The enterprise signed its second and third agreements in Galicia, with the Joint-owners of Commonly-Owned Mountain Land (CMVMC) of Fontemourente, and in Aragon, with the Local Council of Maella in Zaragoza, respectively.
Through this 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.
Firm commitment to Andalusia
The Capital Energy renewable energy project in Andalusia continues to make steady progress. It is no coincidence that the group is completing the work on its first wind farm in Andalusia, Loma de los Pinos, with an installed capacity of 38.5 MW. This renewable energy facility, scheduled to become operational in the first half of this year, is equipped with General Electric turbines, like El Barroso. Its seven wind turbines that are already installed will generate approximately 90,000 MWh per year, equivalent to the consumption of more than 33,000 Andalusian households. Loma de los Pinos will also prevent the annual emission into the atmosphere of around 33,000 tons of CO2.
Capital Energy has also started building its third wind farm in the region: Ayamonte. Located in the town of the same name in Huelva, it will be capable of producing more than 78,000 MWh each year, covering the consumption of over 29,000 households and avoiding the emission of around 29,000 tons of CO2.
The construction of both renewable energy facilities will create up to 240 jobs during peak construction periods and generate a combined tax impact of more than €1 million. The operation and maintenance of Loma and Ayamonte will provide stable and quality employment to eight local workers and will provide an annual tax contribution to the local coffers of around €200,000.
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 around 34 gigawatts (GW) of power, with more than 8 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 16 offices in Spain and Portugal, with 390 employees.