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Sun-Drenched Spain Turns on Europe’s Biggest Solar Power Plant

  • Iberdrola project will produce enough power for 334,000 homes
  • Country is ramping up solar to curb reliance on fossil fuels
Europe's Largest Green Hydrogen Plant
Photographer: Angel Garcia/Bloomberg

Iberdrola SA turned on Europe’s largest solar plant in western Spain as the country drives up output of renewable energy to cut reliance on fossil fuels.

Spanish power is trading almost three times higher than the five-year seasonal average as Russian gas cuts push up fuel costs. As one of Europe’s sunniest nations, Spain is betting that greater solar generation will ease its dependence on volatile commodity markets while helping to clean up the energy mix.