The Chinese green technology company and Spanish energy company are to lead a consortium of investors for the Venergy+ project in Navalmoral de la Mata, Guillermo Fernández Vara, the president of the regional government of Extremadura, confirmed in a statement on June 3.

The project consists of a 30-gigawatt gigafactory, which will be divided into three phases. The facility will be powered by 100% green energy, supplied by local sources, and is expected to be fully operational by 2025.

Commenting on the announcement, Mr Fernández said that Extremadura had a chance to “start anew”.

“We have always been outside of everything [related to] industrialisation and the industrial revolution … this is the return of something that history has owed us; we are in a position to lead the green industrial revolution with an industry of these features,” he said.