Iberdrola, the Mondragon Group, the Provincial Council of Alava and the Basque Government’s energy agency (EVE) have created a public-private partnership with the aim of building a large 100 MW photovoltaic plant in the Basque Country. In this partnership, the Basque electricity company has a 75 per cent stake; the EVE, backed by the Provincial Council, has a 20 per cent and the Mondragon group, has a 5 per cent stake.

The solar plant will be set up at an investment of close to Euro 70 million and will generate clean energy to meet the annual consumption of more than 160,000 people and will almost triple the current 60 MW solar generation capacity of the Basque Country. The solar project will extend over 200 hectares, half of which will be occupied by the photovoltaic plant and the other half for environmental compensation and the preservation of forest areas. The project is expected to start in 2022, and commission by 2023.