RedOrbit.com, July 8, 2008
Spanish clean energy firm Iberdrola Renovables and Bancaja have announced their participation in the wind energy plan for the region of Valencia, under the auspices of the regional government, in a bid to increase power generation in the province of Castellon.
Both companies suggested their proposal through a newly created company called Sistemas Energeticos de Levante, which is jointly owned by the renewable energy subsidiary of the Iberdrola Group with a 60% share, and Bancaja with a 40% share.
The project presented to the Direccion General de Energia by the joint venture company involves the installation of 304MW of power in the province of Castellon, distributed over 152 wind turbines.
In addition, Sistemas Energeticos de Levante has put forward various initiatives that would accompany the installation of the new wind turbines, such as the construction of a solar power plant in Valencia, or the commitment that at least 55% of the providers used for civil works are companies from the region.
Initiatives proposed by Iberdrola Renovables and Bancaja include the creation of an R&D program, pending agreement with the regional government of Valencia, and the adoption of corrective measures at a rural level established by the relevant environmental impact studies.