News
02/02/2026

The Iberdrola Group and Norges Bank Investment Management’s co-investment alliance reaches 1,500 MW of renewable installed capacity in Spain

  • The Iberdrola Group has added 646 MW of solar photovoltaic capacity to the joint venture, corresponding to the solar PV projects of Caparacena and Ciudad Rodrigo, in operation since the end of last year
  • Both companies have a co-strategic long-term alliance to accelerate electrification of more than €2 billion, with 2,500 MW renewable portfolio
Rows of photovoltaic solar panels under a blue sky with clouds.

Photovoltaic plants

The Iberdrola Group, of which Iberdrola España is a part, and Norges Bank Investment Management have reached 1,500 megawatts (MW) of installed renewable energy capacity in operation through their strategic alliance. This new contribution includes the Caparacena (330 MW) and Ciudad Rodrigo (316 MW) photovoltaic plants, located in Granada and Salamanca (Spain).

 

Specifically, Caparacena and Ciudad Rodrigo already produce clean energy to supply more than 800,000 people a year in the region of Granada and Salamanca and contributes to avoiding the emission of 85,000 tonnes of CO2.

Read more about the alliance between the Iberdrola Group and Norges Bank Investment Management on the global corporate websito of the Iberdrola Group.

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