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HomeLatest NewsIberdrola and Exiom will build a mega photovoltaic production plant

Iberdrola and Exiom will build a mega photovoltaic production plant

Date: April 14, 2024 Time: 20:23:43

The Asturian business group Exiom has signed an alliance with Iberdrola to lead the production of photovoltaic solar panels within Spain. In this way, both companies will locate in Langreo the first large photovoltaic construction plant that will have a place in the country. In addition, thanks to its investment of 20 million euros, it will be a pioneer in the industrial scale of Europe.

The solar panel factory in the mining basin will come into operation this year, 2023, Iberdrola reported in a statement. The agreement with Exiom responds to the effort undertaken by Iberdrola to attract to Spain part of the value chain linked to renewable energy, specifically solar energy.

The objective is to turn Spain into a spearhead to lead this emerging sector from Europe. The Asturian region of Langreo will host the site for the construction of what will become the first large photovoltaic factory in Spain.

Up to 115 direct jobs

The planned investment is 20 million euros and will contribute to the economic reactivation of the mining basins with the generation of 115 direct jobs in the area. Exiom is also a manufacturer with 100% Spanish capital, originating in Asturias itself, and one of the only European groups to appear on the list of Tier 1 manufacturers.

The opening of this new factory in Europe responds to the interest of both companies in achieving competitive manufacturing at a European level, focused in a first phase on solar panels with the possibility of extending collaboration to other components of the photovoltaic value chain.

In addition, the initiative reinforces the commitment of both companies to the industrialization associated with the energy transition, as reflected in the ‘Green Deal Industrial Plan’, recently presented by the European Commission. In this way, both companies have been in permanent contact with the Government of the Principality of Asturias, given the dynamic effect that the project will have in the region.

Iberdrola’s commitment to a sustainable energy model is part of its Perseo program, to promote the development of ‘startups’ and innovative industrial companies that work in new electrification environments and in sectors that are difficult to decarbonise.

The Perseo program has 40 million euros, through Perseo Venture Builder, specifically to launch industrial initiatives that can be developed in the field of energy transition. Since its creation in 2008, this program has invested 175 million euros in businesses that develop innovative technologies, focusing on those that can improve the sustainability of the energy sector through greater electrification and decarbonization of the economy.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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