Spain greenlights almost 300 renewable power projects with $18-billion investment

High-voltage power lines and an electricity pylon next to a group of wind turbines are pictured, in Barranco de Tirajana·Reuters
Reuters
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MADRID (Reuters) - The Spanish government has authorised the construction of almost 300 renewable power projects with a total capacity of more than 28 gigawatts, which will help the country meet its ambitious green energy goals, it said on Monday.

The projects, which will represent a combined investment worth over 17 billion euros ($18.4 billion), comprise mainly photovoltaic power plants, as well as 43 wind farms and one hydropower plant, the Energy Ministry said in a statement.

Leveraging on its sunny plains, windy hillsides and fast-flowing rivers, Spain intends to raise the share of renewable-generated electricity to 81% of the total by 2030, up from about 50% now.

($1 = 0.9230 euros)

(Reporting by Inti Landauro, editing by Andrei Khalip)