- With €20 million investment and the creation of 115 jobs, Spain’s first industrial-scale photovoltaic (PV) panel manufacturing plant will be located in Langreo (Asturias). The factory, one of Europe’s largest, will come on stream this year
- Together with Asturian business group Exiom, Iberdrola brings to Spain part of the renewable energy supply chain with the aim of leading this emerging industry in Europe
- The initiative, which reinforces the commitment of both companies to the economic development of old mining regions, will promote industrialisation associated to the energy transition
Iberdrola and Asturian business group Exiom have created an alliance to lead the manufacture of photovoltaic (PV) solar panels in Spain. In the Asturian municipality of Langreo, both companies will establish the first large PV modules construction plant in Spain and one of the first on an industrial scale in Europe. The solar panel factory in the mining region will come into operation in 2023.
The agreement with Exiom is in line with Iberdrola’s efforts to attract to Spain part of the value chain linked to renewable energy. Specifically, solar energy. The aim is to make Spain a hub for this emerging sector in Europe. The Asturian region of Langreo will host the site for what will become Spain’s first large photovoltaic factory. With planned investment amounting to €20 million, it will contribute to the economic reactivation of the mining regions with the creation of 115 direct jobs. Exiom is a 100% Spanish-owned manufacturer, with its origins in Asturias itself, and one of the only European groups to appear on the prestigious list of solar PV Tier 1 manufacturers.
The opening of this new factory in Europe responds to the interest of both companies in achieving competitive manufacturing at EU level, focused initially on solar panels with the possibility of extending the collaboration to other components in the photovoltaic supply chain.
Moreover, the initiative reinforces the commitment of both companies to the industrialisation associated with the energy transition as reflected in the Green Deal Industrial Plan, recently presented by the European Commission. Both companies have been in permanent contact with the Government of Asturias, given the dynamising effect that the project will have on the region.
PERSEO Iberdrola Ventures, 15 years innovating with start-ups and industrial businesses
Iberdrola’s commitment to a sustainable energy model is part of its PERSEO programme to promote the development of start-ups and innovative industrial companies working in new areas of electrification and in sectors which are difficult to decarbonise.
The PERSEO programme has set up €40 million, through the Perseo Venture Builder, specifically aimed at launching industrial initiatives that can be developed in the field of energy transition.
Since its creation in 2008, PERSEO has invested €175 million in businesses that develop innovative technologies, with a focus on those that can improve the sustainability of the energy industry through further electrification and decarbonisation of the economy.
About Exiom Group
Exiom Group is a company dedicated to photovoltaic energy with more than 14 years of experience. It has a workforce of around 300 employees and operates both globally.
Exiom has carried out 650 projects in the last year alone, both in Spain and abroad, covering photovoltaic developments, distribution and self-consumption, with a total capacity of 1 GW, thus contributing to the development of solar PV energy.
It currently has two solar panel manufacturing centres in China, thanks to which it has acquired sufficient experience and knowledge of the production processes. In addition, it also has a factory of steel structures for photovoltaic plants based in Langreo.
In 2022, the company posted more than €200 million turnover, making it one of the leading companies in the solar PV industry sector with very significant growth projection.