Capital Energy signs two new Territorial Projects in Andalusia with El Saucejo and Los Corrales
Agreements linked to development of line in which two of the company's Seville wind farms, Pinarejos I and II, will be evacuated
- Initiative combines company’s contribution to decarbonising the economy and transforming the energy model through the commissioning of renewable energy facilities with its desire to promote regional growth by leveraging local talent and bolstering the social, industrial and business network
- Pinarejo I and II - totalling 60 megawatts (MW) of capacity - will produce clean electricity to cover annual consumption of 55,000 Andalusian households and prevent emission of 54,000 tonnes of CO2
Seville, 28 December 2022.- Capital Energy, a Spanish energy company founded two decades ago and which aims to become the first vertically integrated 100% renewable operator on the Iberian peninsula, has reaffirmed its commitment to the socioeconomic development of Andalusia, a key region for the consolidation of its clean energy project.
The company has signed two new collaboration agreements with the local councils of El Saucejo and Los Corrales linked to its Territories Project that combines its contribution to decarbonising the economy and transforming 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.
Under the agreements, Capital Energy undertakes to tap the construction of the 220 kilovolt (kV) high-voltage line that will link the Pinarejo and Álamo substations and serve to evacuate the clean energy generated by its Seville wind farms Pinarejos I and II to promote various actions agreed between the parties that will be adapted to the needs of the localities. The infrastructure will also pass through the municipalities of Campillos (Malaga province) and Osuna and La Puebla de Cazalla (Seville province) with whose local authorities the renewables group signed a similar agreement last October.
In both cases, the implemented initiatives will be part of specific lines of action, including the improvement of infrastructures and services, connectivity and digitisation; the protection of artistic and cultural heritage, education and health; and the social and labour integration of disadvantaged groups. Some proposals beneficial to the inhabitants of these municipalities are already being considered, such as improving the sports and cultural offering in El Saucejo, and promoting the Cesta Bebé initiative to boost birthrates in Los Corrales. The two municipalities also plan to shore up the energy efficiency of the municipal electricity network.
The partnership between the councils and Capital Energy will continue throughout the infrastructures’ operating and maintenance phase 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 the towns through actions that ensure an effective improvement of the environment and residents’ quality of life.
Last July, the Government of Andalusia granted the three outstanding administrative authorisations, i.e., Unified Environmental (AAU), Prior (AAP) and Building (AAC), for the high-voltage line that will deliver the electricity generated by the wind farms that already had these official permits. After delivering on this important administrative milestone, both the projects and their transport infrastructure face the final stage in their respective procedures, needing only to obtain the corresponding building and installation licenses.
Pinarejo I will have a capacity of 36 megawatts (MW) distributed over seven wind turbines and will be able to produce around 85,000 megawatt hours (MWh) of clean electricity per year, equivalent to the consumption of more than 32,000 Andalusian households. It will also prevent the annual emission of almost 32,000 tonnes of CO2.
The construction of this wind farm will involve the creation of around 110 direct jobs in peak periods and an investment of €40 million. The operation and maintenance of Pinarejo I will give permanent employment to five local workers and encourage the creation of some four indirect jobs.
Every year during its useful life, the renewable facility will have a tax impact of around €100,000 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 of around €700,000. Finally, it will contribute approximately €800,000 per year to GDP.
Pinarejo II will have four turbines and an installed capacity of 24 MW. It will be able to generate around 60,000 MWh per year, enough to provide almost 23,000 households with electricity, while preventing the emission into the atmosphere of more than 22,000 tonnes of CO2.
Its construction will create almost 80 direct jobs in peak periods and mobilise an investment of approximately €23 million. In the operating and maintenance phase it will provide stable, quality employment to three local workers and contribute to the creation of two indirect jobs.
Pinarejo II will make a lifetime contribution to GDP equivalent to €550,000 per year and an annual tax contribution to the local coffers of some €66,000. A one-off payment of the ICIO tax on building, installations and other works and other taxes for around €400,000 will be added to this recurring amount.
Through the Territories Project, Capital Energy is keen to coordinate its commitment to sustainable development, become a local partner in the regions where it operates and contribute to their social and economic growth.
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.