Alpiq partners to explore Lac Blanc / Lac Noir project
By Global Infrastructure Sherpa · Feb 24, 2026
Alpiq announced a partnership to explore the Lac Blanc / Lac Noir project in France.
Deal Analysis
Alpiq's partnership with Iberdrola France to explore the Lac Blanc / Lac Noir hydro project in France represents a strategic move to expand its renewable energy portfolio within the European market. This collaboration leverages Alpiq's expertise as a leading Swiss electricity producer and Iberdrola France's focus on renewable energy development within the French market. The partnership signals a commitment to exploring new hydro power opportunities, potentially contributing to France's energy transition goals. While specific details regarding capacity and project stage remain undisclosed, the announcement indicates an early-stage exploration phase for the project.
The partnership between Alpiq and Iberdrola France is notable due to the involvement of established players in the European energy sector. Iberdrola France's presence in the French renewable energy market, combined with Alpiq's broader European reach, suggests a potentially significant project. The lack of disclosed financial details and project specifics, however, limits a full assessment of the deal's potential impact. Further information regarding the project's scope, anticipated capacity, and development timeline will be crucial in evaluating its long-term value and contribution to the renewable energy landscape.
- Partnership between Alpiq and Iberdrola France to explore a hydro project.
- Focus on the Lac Blanc / Lac Noir project in France.
- Involves established players in the European energy sector.
- Project is in an early exploration phase.
Market Context: The deal occurs within the context of the European energy transition, where hydropower plays a role in diversifying energy sources and reducing carbon emissions. France is actively pursuing renewable energy development to meet its climate goals.
Source Intelligence
KEY DETAILS
The closed-loop design of this plant will provide at least eight hours of energy storage.
A 75-year water concession has been granted ensuring long-term operational continuity.
The European Commission has listed the Reversible Treatment Plant (CDR - Central Depuradora Reversible) Navaleo as a Project of Common Interest (PCI), highlighting its strategic importance for Europe's energy security.
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Capacity
The facility will deliver 535 megawatts of flexible capacity to the Spanish grid, strengthening system stability and enabling greater integration of renewable energy.
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Location
Alpiq has acquired the Navaleo pumped hydro storage project in Castilla y León, Spain.
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Announcement
February 24, 2026
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COD
with commercial operation planned in the early 2030s.
PARTIES MENTIONED IN SOURCE
A
Alpiq
buyer
"Alpiq has acquired the Navaleo pumped hydro storage project in Castilla y León, Spain."
E
Erbienergía
developer
"Developed by Erbienergía, a leading renewable energy company with deep roots in the region, this advanced-stage project represents a major investment in Spain's energy transition, with commercial operation planned in the early 2030s."
E
Erbienergía
shareholder
"Erbienergía will remain a shareholder of the project and continue to support its development."
high quality
Enriched Feb 25, 2026
Market Context
This deal is part of the Hydro sector in France.
1 of 19 Hydro deals tracked this month · Updated daily