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Capital Energy advances in the development of four new wind farms in Soria, Corpal, San Cristóbal, Pedrecha and Cabezuelas, totalling 305 MW

By: Capital Energy · 17 May 2021

  • The commissioning of all these renewable energy facilities and their associated electricity purchase infrastructures, located in 16 municipalities in the province of Soria and eight in the province of Saragossa, will involve an investment of around €293 million
  • The 55 wind turbines at the wind farms in Corpal, San Cristóbal, Pedrecha and Cabezuelas will be capable of supplying clean energy to more than 331,500 homes and preventing the annual emission of more than 8.32 million tonnes of CO2 into the atmosphere each year
  •  The construction of these clean energy infrastructures will stimulate the creation of around 1,000 jobs and will have an annual financial impact on the regional and local coffers, and also through leasing agreements, of almost €1.8 million

Soria, 17th May 2021.- Capital Energy a Spanish energy company founded in 2002 with the vocation of becoming the first vertically-integrated 100%-renewable energy operator on the Iberian Peninsula, continues to move forward to ensure the development of its clean energy project in Castile and Leon.

The Industry and Energy Departments of the Government Sub-Delegation in Soria and Saragossa have announced that they are submitting the applications for authorisation[1] of their wind farms Corpal, San Cristóbal, Pedrecha and Cabezuelas to public consultation. Nestled in the province of Soria, they will have an installed power of almost 305 megawatts (MW) and involve an investment of approximately €293 million.

The 55 wind turbines in these Capital Energy renewable energy facilities will be capable of supplying 1,085,000 megawatt hours (MWh) of clean energy, equivalent to the consumption of more than 331,500 homes in Castile and Leon, thus preventing the annual emission of more than 8.32 million tonnes of CO2 into the atmosphere.

The construction of these four farms and their associated electricity purchasing infrastructures which, located in 24 municipalities in the provinces of Soria and Saragossa, will lead to the creation of 1,000 jobs during peak periods. In the operation and maintenance phase Capital Energy will also give permanent jobs to 60 professionals from the area.

These installations will also have an annual financial impact on local coffers (Real Estate Tax, Land Tax and Economic Activities Tax), as well as with lease agreements, of almost €1,800,000. €8.8 million, which is the one off payment for the tax on construction, installations and building works (ICIO), can be added to this recurring sum.

  •  Corpal wind farm:

The park is located in three municipalities in Soria - Borjabad, Cubo de la Solana and Tejado - and its evacuation infrastructures in seven: Tejado, Gómjara, Buberos, Almenar de Soria, Pinilla del Campo, Noviernas and Ólvega. It will have an installed capacity of 156 MW, thanks to its 32 wind turbines, and will involve an investment of €155 million. It will be capable of producing more than 510,000 MWh and cover the annual electricity supply to 157,000 homes, preventing the emission of more than 3.9 million tonnes of CO2 into the atmosphere per year.

  •  San Cristóbal wind farm:

With an installed capacity of 49.5 MW (11 wind turbines), this wind farm is located in four municipalities in Soria: Velilla de los Ajos, Serón de Nágima, Cañamaque and Maján.

  • Pedrecha wind farm:

With an installed capacity of 49.5 MW (11 wind turbines), this wind farm is located in four municipalities in Soria: Velilla de los Ajos, Serón de Nágima, Torlengua and Cihuela.

  • Cabezuelas wind farm:

With an installed capacity of 49.5 MW (11 wind turbines), this wind farm is located in three municipalities in Soria: Velilla de los Ajos, Nolay and Maján.

The development of San Cristóbal, Pedrecha and Cabezuelas will involve an investment of €138 million. These installations will be capable of producing more than 570,000 MWh and cover the annual electricity supply to 157,000 homes, preventing the emission of more than 3.9 million tonnes of CO2 into the atmosphere per year.

These three wind farms will also share the infrastructures for purchasing the clean energy they generate, by means of two substations and two high-voltage lines, located in four municipalities in Soria - Velilla de los Ajos, Serón de Nágima, Torlengua and Cihuela - and eight towns in Saragossa: Boldalba, Embid de Ariza, Cetina, Contamina, Alhama de Aragón, Biberca, Ateca and Terrer.

Recently, the Office of Industry and Energy of the Sub-Delegation of the Government in Burgos has announced that it is submitting the applications for permission[2] for its Cerevil y Cerecol wind farms to public consultation. Located in the province of Burgos, they will have an installed power of 153 and 59.5 MW, respectively, and involve an investment of approximately €178 million.

Capital Energy already has an office in Valladolid, where a dozen professionals work. It is in the process of opening additional offices in several cities of Castile and Leon, where residents of the municipal districts where the company is promoting its renewable energy projects will work.

A portfolio of more than 38 GW on the Iberian Peninsula

In line with its commitment to a green and just energy transition, Capital Energy currently has a portfolio of wind and solar projects in the Iberian Peninsula with around 38 gigawatts (GW) of capacity, of which more than 8.5 GW have already been granted network access grants.

Due to the launch of its retail arm in the final quarter of 2020, Capital Energy reached its strategic aim of being present on the entire renewable energy value chain: from development, where, given its 20-year history, the Company has a consolidated position, to construction, production, storage, operation and supply.

The aim of the Company, which has grown from 30 employees to more than 370 in the last three years, distributed throughout 14 offices in Spain and Portugal, is to deliver to the end consumer the 100%-renewable energy that it is already produced in its facilities.

[1]Prior Administrative Authorisation and Environmental Impact Statement.

[2]Prior Administrative Authorisation and Environmental Impact Statement.