Iberdrola Launches Portugal's Largest Wind Farm

Iberdrola has received a production license from the Portuguese Directorate General for Energy and Geology for the construction of Portugal's largest wind farm, located in Vila Real and Braga, with a total investment of €350 million. This project, which combines wind and hydroelectric power, will have an installed capacity of 274 MW and an annual production capacity of 601 GWh, enough to power 128,000 homes. The wind farm consists of the Tâmega Norte and Tâmega Sul wind farms and will utilize existing infrastructure to minimize environmental impact. A long-term Power Purchase Agreement will support the project, which is expected to create around 700 jobs during peak construction. The project is part of Iberdrola's collaboration with Norges Bank Investment Management and aims to enhance Portugal's energy independence while significantly reducing CO2 emissions. Construction is set to begin in 2025, with Vestas awarded the contract for the wind turbines.