The company acquired land to build photovoltaic panels

Who owns Iberdrola solar?

Iberdrola, through its British subsidiary ScottishPower, has signed two deals to acquire 17 solar photovoltaic (PV) projects in the UK, with a combined capacity of more than 800 MW. The contracts have been concluded separately with Elgin Energy, which owns 12 projects, and Lightsource BP, which controls the rest.

Are solar power developments transforming land-use?

Solar power developments are playing a role in this land-use transformation: the National Renewable Energy Laboratory estimated in 2019 that a further two million acres of land will be developed into solar fields by 2030.

Does Iberdrola have a solar portfolio?

This portfolio of solar sites will add enough clean energy to power over 220,000 homes. Iberdrola now moves to the forefront of the UK’s solar industry, with its market share rising from 2% to 9%. The deals confirm the company’s commitment to growing the renewables market across the UK, where ScottishPower is the only 100% green integrated utility.

Are solar gardens the future of agrivoltaics?

At TotalEnergies Renouvelables France, the energy mix is changing. In ten years or so, solar gardens will account for 25% of our production capacity. Straddling the dividing line between the agricultural and energy worlds, agrivoltaics is currently facing major challenges that need addressing.

How many solar projects does Iberdrola have?

It also has 31 GW of solar projects under development in Spain, US, Mexico, UK, Portugal and Italy. The company's investment plan for 2020-2025 sets to double its current PV capacity to 6 GW by the end of 2022, and to have 14 GW installed by 2025. Iberdrola continues to grow.

What is agrivoltaics & how does it work?

Agrivoltaics, which is sometimes abbreviated to agriPV, combines agricultural production activities and solar energy generation using solar photovoltaic panels on the same arable land.