Capital Energy signs three new Territories Projects in Navarra with the local councils of Ezprogui, Leache and Lumbier
The agreements are linked to the construction and commissioning of the Joluga wind farm and its transport infrastructure.
- 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 company and local authorities agree to assess and implement different actions agreed to by all the parties that will meet the needs of each of these localities and that seek to improve the quality of life of the residents of each municipality
- Joluga will have an installed capacity of 20 MW and will generate enough clean electricity to supply almost 25,000 homes in Navarra each year, avoiding the emission into the atmosphere of over 24,000 tons of CO2, and will have an annual economic impact on the local coffers of around 100,000 euros.
Pamplona, 29 August 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 Navarra, a relevant region in its clean energy project.
The company has signed three new collaboration agreements in the region with the local councils of Ezprogui, Leache and Lumbier, 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.
In the case of Ezprogui, through the construction of the Joluga wind farm and its 66 kilovolt (kV) high-voltage line, Capital Energy has undertaken to promote different actions agreed to between both parties that will be adapted to meet the needs of this locality.
The agreement with Leache and Lumbier, which also provides for the implementation of actions that help improve the quality of life of the residents of these municipalities, is exclusively linked to the commissioning of the aforementioned transport infrastructure, which will deliver the energy produced by Joluga to the grid and will cross - apart from Ezprogui, Leache and Lumbier - the municipalities of Aibar and Sada, to which Capital Energy is offering similar agreements to those signed with the aforementioned councils and with that of Eslava.
In all cases, the initiatives implemented 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 these localities are already being considered, such as the enhancement of the range of cultural activities of the Vizcaya Memorial Museum in the case of Ezprogui; support for the archaeological project for the rural castle of San Gregorio in Lumbier; and construction of a leisure park for children and the elderly in Leache.
The partnership between Ezprogui Council and the renewable energy group will also continue throughout the operation and maintenance phase of Joluga, 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 this municipality through actions that ensure the effective improvement of the environment.
Joluga will have a capacity of 20 megawatts (MW), divided into five wind turbines with an individual capacity of 4 MW. Every year, this wind farm will generate around 60,000 megawatt hours (MWh), which is enough to provide almost 25,000 homes in Navarra with clean electricity, and avoid the emission into the atmosphere of over 24,000 tons of CO2.
Its construction will mobilise an investment of over 20 million euros and create around 78 jobs during peak construction periods. In the operation and maintenance phase, it will provide permanent employment to some three local professionals and contribute to the creation of around two indirect jobs.
Moreover, every year and throughout its useful life, Joluga will contribute about 100,000 euros to the local coffers and contribute to the GDP with over 480,000 euros. A one-off payment of the ICIO tax on building, installations and other works in excess of 500,000 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.