{"id":2768,"date":"2019-12-30T10:00:18","date_gmt":"2019-12-30T09:00:18","guid":{"rendered":"https:\/\/greenalia.es\/actualidad\/the-first-of-greenalias-wind-farms-goes-into-operation-in-spain\/"},"modified":"2023-10-30T11:20:21","modified_gmt":"2023-10-30T10:20:21","slug":"the-first-of-greenalias-wind-farms-goes-into-operation-in-spain","status":"publish","type":"greenalia_news","link":"https:\/\/greenalia.es\/en\/articles\/the-first-of-greenalias-wind-farms-goes-into-operation-in-spain\/","title":{"rendered":"The first of Greenalia\u2019s Wind Farms, Mi\u00f1\u00f3n, 24 MW, goes into operation"},"content":{"rendered":"<ul style=\"text-align: justify;\">\n<li><strong>Equipped with the most powerful wind turbines operating today in the Iberian Peninsula, Mi\u00f1\u00f3n Wind Farm (A Coru\u00f1a) has been connected to the grid and has started to commercialize energy<\/strong><\/li>\n<li><strong>This Wind Far mis the first to go into operation of a series of 9 in Project Eolo with a total investment of 236 million euros, it Will generate 29 million euros in revenue and a 22 million euros EBITDA in 2021<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The first of Greenalia\u2019s Wind Farms, Mi\u00f1\u00f3n, located in Vimianzo (A Coru\u00f1a) goes into operation as scheduled. With a 28 million euros investment, it is equipped with 6 of the most powerful wind turbines in operation today in Spain and Portugal. These turbines can generate 4 MW each, which amounts to a total production capacity of 24 MW for the Mi\u00f1\u00f3n Wind Farm.<\/p>\n<p style=\"text-align: justify;\">Ourol Wind Farm, located in Lugo, is at a very advance stage. With a 26 million euros investment, it is expected to go into operation during the first quarter of 2020. Three more Wind Farms will join these two in the third quarter of 2020, all of them located in A Coru\u00f1a Province: <em>Alto de Croa<\/em>, <em>Alto de Croa II<\/em> y <em>Monte Tourado<\/em>.<\/p>\n<p style=\"text-align: justify;\">These five Wind Farms are Stage 1 of the Eolo Project development which will total 87 million euros in investment and are estimated to generate in 2021 around 10 million euros in revenue and a 7,5 million euros EBITDA.<\/p>\n<p style=\"text-align: justify;\">Stage 2 of Eolo Project is at an advanced stage and will have a 149 million euros investment in four Wind Farms that will go into operation before the end of 2020. These Wind Farms will generate extra revenues from the energy commercialization of 18,5 million euros and a 14 million euros EBITDA.<\/p>\n<p style=\"text-align: justify;\">Antonio Fern\u00e1ndez Montells, Greenalia\u2019s CFO, points out, \u201c(\u2026) our wind projects, together with our Biomass and our traditional businesses will allow us in 2021 to reach 43% of our strategic objectives of our five year plan (2018-2023). With expected revenues of 120 million euros, 43 million euros EBITDA and 252 MW in operation.\u201d<strong>\u00a0<\/strong><strong>\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Financials<\/strong><\/p>\n<p style=\"text-align: justify;\">In July 2019, Greenalia secured 84 million euros of financing (Project Finance) for the start-up of five Wind Farms included in the first stage of Project Eolo: <em>Mi\u00f1\u00f3n, Ourol, Alto de Croa I, Alto de Croa II <\/em>and<em> Monte Tourado. <\/em>Financing for the rest of the Wind Farms is expected to be secured in the first quarter of 2020.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Equipped with the most powerful wind turbines operating today in the Iberian Peninsula, Mi\u00f1\u00f3n Wind Farm (A Coru\u00f1a) has been connected to the grid and has started to commercialize energy This Wind Far mis the first to go into operation of a series of 9 in Project Eolo with a total investment of 236 million [&hellip;]<\/p>\n","protected":false},"featured_media":5706,"menu_order":0,"template":"","categories":[308,5,307,311],"class_list":["post-2768","greenalia_news","type-greenalia_news","status-publish","has-post-thumbnail","hentry","category-business-en","category-corporate","category-news","category-wind"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Operation In Spain<\/title>\n<meta name=\"description\" content=\"The first of Greenalia\u2019s Wind Farms goes into operation as scheduled. 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