Ferrovial has announced a new investment in Spain at a time when the company is navigating a upheaval as it shifts its headquarters to the Netherlands. Just days after the board disclosed plans to pursue a listing in the Netherlands and the United States, the Spanish-based infrastructure group completed the purchase of two photovoltaic solar projects totaling 100 megawatts of installed capacity. This move signals Ferrovial’s continued commitment to expanding its energy infrastructure footprint while managing the corporate realignment underway in the company’s strategic planning.
The company’s Energy Infrastructure and Mobility division revealed an investment of 75 million euros tied to these solar developments. In its statement, Ferrovial noted that the project portfolio is expected to create between 250 and 300 jobs once the typical approval conditions associated with such agreements are fulfilled, underscoring the broader economic impact anticipated from the expansion. The plan reflects Ferrovial’s approach to combining asset growth with job creation, reinforcing its role in regional energy projects and sustainable mobility solutions.
Ferrovial aims to secure the necessary permits to commence construction in the latter part of this year, with operations anticipated to begin in the second half of 2024. The portfolio will include the 50-megawatt El Berrocal facility located in Seville, which is currently under development and slated to come online in the middle part of the year. This project is positioned to contribute to the region’s renewable energy capacity while aligning with Ferrovial’s broader strategy to diversify its energy mix and strengthen its position in the growing European solar market. The company’s planning and execution timeline suggests a measured approach to scaling up renewable projects in tandem with regulatory approvals and financing arrangements, as reported in Ferrovial’s official releases and financial communications (Ferrovial press materials, 2024).”}