en.Wedoany.com Reported - French utility company Engie plans to invest nearly €100 million (approximately $114 million) to build a 155MW solar photovoltaic project at its Castelnou power plant.

Located in the province of Teruel, Spain, Engie will develop the solar plant adjacent to the existing power station, creating a hybrid facility that combines photovoltaic power generation with existing dispatchable generation capacity. The project is expected to install over 284,000 solar modules, covering an area of approximately 360 hectares.

Yolanda Valles, Director General of Energy and Mines of the Autonomous Community of Aragon, stated that the Castelnou power plant is a model of industrial and institutional cooperation, creating value for local economic and social development. The project has been a driver of employment and progress, and also represents Aragon's capability as a benchmark for innovation and energy competitiveness in the context of the current global transition.

Engie noted that by leveraging the complementary operational characteristics of solar power generation and flexible thermal capacity, the new photovoltaic project will increase the proportion of renewable energy integrated into the grid. This hybrid configuration aims to support grid stability while increasing the share of renewable energy in the plant's output.

The 155MW project will expand Engie's solar portfolio in Spain. Engie operates approximately 1.8GW of renewable energy capacity in Spain, with an additional 3.5GW under development. The company is accelerating its global renewable energy construction, with solar installations accounting for 9.3GW of its current renewable energy capacity, targeting 95GW of renewable energy capacity by 2030.

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