trending Market Intelligence /marketintelligence/en/news-insights/trending/Sb_KdO2Ev5zbssMPos6drA2 content esgSubNav
In This List

Report: Naturgy breaks ground on 29.2-MW Canary Islands wind farm

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Global M&A By the Numbers: Q2 2021

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21


Report: Naturgy breaks ground on 29.2-MW Canary Islands wind farm

Naturgy Energy Group SA broke ground in Fuerteventura, Canary Islands, on a 29.2-MW wind farm that will be co-financed by the European Union's European Regional Development Fund, EV Wind reported on Jan. 16.

The project, which will see an investment of more than €35 million, will host eight wind turbines capable of churning out 105 GWh per year. It is expected to become operational in the first quarter of 2021. The facility is the beneficiary of the first call for investment aid in wind technology facilities in the Canary Islands.

This is Naturgy's second wind farm in the region; the first, Fuerteventura Renewable II, has two wind turbines producing 4.7 MW. Other companies are developing wind resources in the Canary Islands, as well as transmission capacity to accommodate wind.