A new wind power project has been proposed by Spanish renewable energy giant Iberdrola Renovables in partnership with Bancaja. The proposal has been made through a newly created company called Sistemas Energeticos de Levante which is jointly owned by the two companies with Iberdrola Group taking a 60% stake and Bancaja the remaining 40%.

The wind power project is large with a maximum generating capacity of 304MW of electricty generated from 152 wind turbines.

Along with the wind power submission, Sistemas Energeticos de Levante added some initiatives such as an accompanying solar power plant in Valenica and a commitment that at least 55% of the civil works providers will be sourced locally.

The proposal is now before the Dirección General de Energía for approval.

At this stage there is no real indication as to the timeframe for when the project will begin or an expected completion date. Similarly, there has been no word on the expected cost of completing the proposed project.

Iberdrola Renewables is the global leader of the sector with 8,000MW of power already in operation with many prospects available to achieve even greater growth.