Spanish waterworks Canal de Isabel II has entered into a design, construction and commissioning contract Ferrovialinfrastructure developer for a 1.7 MW floating solar power plant in Torrelaguna, Madrid.
The contract is the first in the Canal de Isabel II Solar Plan, an initiative to promote renewable energy production and self-consumption, and represents a $48.9 million investment.
The infrastructure will be installed in the first months of 2023 in the lower reservoir of the Santa Lucía hydroelectric plant in Torrelaguna, Madrid. It produces more than 2,000 MWh of clean energy. The facility also reduces water evaporation from the tank.
Ferrovial launched the energy solutions division of its construction department to help with the implementation Horizon 24 plan. The plan outlines cooperation with the development of solar and wind power plants, energy transmission and distribution projects, and energy services.