Overview

• Basque authorities say the allocation equals about 16% of Spain’s 33,000 MW national plan to 2030.
• The boost amounts to roughly a 40% increase in available capacity for Euskadi.
• The agreement was signed in Madrid by Basque industry chief Mikel Jauregi and Spain’s Energy Secretary Joan Groizard.
• Planned works include reinforcements at 20 substations and four new substations at locations cited by officials, including Aiara, Abadiño, Santurtzi, Jundiz, Ormaiztegi, Gojain and Gatika.
• Officials frame the package as safeguarding around 70,000 jobs and enabling industrial decarbonization and new investment.