Spanish energy company Iberdrola said on Friday that it will shut down its coal-fired power plants at Lada, in the Asturias region, and Velilla, in Palencia.
The decision is in line with the company’s strategy to reduce its carbon dioxide emissions by 50% by 2030 compared with 2007 levels and to become carbon-neutral by 2050.
The two plants have a combined capacity of 874 MW, representing 1.8% of Iberdrola’s total installed capacity of 48.1 GW. They accounted for 1.5% of the company’s...
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