This renewable wind energy facility, located in the municipalities of Arredondo, Miera, Riotuerto, Entrambasaguas and Solórzano, will have an installed power of 51 megawatts (MW) and its development will involve an investment of about 41 million euros.
The 13 wind turbines of this first Capital Energy wind farm in Cantabria will be capable of supplying clean energy to almost 60,400 homes and will prevent the emission into the atmosphere of more than 58,000 tons of CO2 per year. The construction of Garma Blanca will lead to the creation of some 295 jobs and will have an annual economic impact on regional and local coffers, as well as through leasing contracts, of around 267,000 euros.
Capital Energy, a Spanish energy company born in 2002 and whose vocation is to become the first 100% vertically integrated renewable operator on the Iberian Peninsula, has just taken a significant step towards strengthening the development of its clean energy project in Cantabria.
The Industry and Energy Area of ??the Government Delegation in Cantabria has announced that it is submitting to public information the request for prior administrative authorization of its first wind farm in the community: Garma Blanca. This renewable installation will have an installed capacity of 51 megawatts (MW) and will involve an investment of almost 41 million euros .
The 13 wind turbines in this Cantabrian park of Capital Energy will be capable of supplying 145,150 megawatt hours (MWh) of clean energy per year, equivalent to the consumption of nearly 60,400 Cantabrian homes, and will avoid the annual emission into the atmosphere of more than 58,000 tons of CO2.
The Garma Blanca wind farm, located in the municipalities of Arredondo, Miera, Riotuerto, Entrambasaguas and Solórzano, will also promote the creation of some 295 jobs during its construction phase -10 in the operation phase- and will have an annual economic impact on the regional (wind canon) and local coffers (IBI and IAE), as well as through leasing contracts, of around 267,000 euros. To this recurring amount is added the timely payment of the ICIO, which will amount to 1.23 million euros.
Capital Energy currently has 17 renewable energy projects in Cantabria, all of them wind power. They have a combined capacity of almost 690 MW and their development will involve a global investment of approximately 650 million euros.
Adherence to the Smart Rural Territory of Cantabria
In line with the company’s commitment to promoting the socioeconomic development of all the regions in which it promotes its renewable energy projects, Capital Energy has just joined the Cantabria Smart Rural Territory initiative.
The objective of this platform is to use the resources of the territory and technology to create innovative ecosystems for sustainable development that allow the efficient management of infrastructures and offer new services to citizens, creating employment, promoting entrepreneurship and attracting talent to the territory.
For Capital Energy, this model perfectly exemplifies the necessary union between sustainable development and digitization, pillars of its business strategy. The company believes that this collaborative approach between different agents will allow to maximize the opportunities of the new operating and business models, responding to the challenges of the territory through leading projects that ensure their environmental, economic and social sustainability.
Around 38 GW of project portfolio in the Iberian Peninsula
Capital Energy currently has a portfolio of wind and solar projects in Spain and Portugal of around 38 gigawatts (GW) of power, of which about 8.5 GW already have the grid access permits granted.
Thanks to the launch of its trading company, in the last quarter of 2020, Capital Energy has completed its strategic objective of being present throughout the entire renewable generation value chain: from promotion, where the company has a consolidated position given its trajectory of almost 20 years, until the construction, production, storage, operation and supply.
The objective of the company, which has grown from 30 people to more than 350 in the last three years, distributed throughout 14 offices in Spain and Portugal, is to bring the 100% renewable energy that it is already producing in its own facilities.