The value of Spain construction market is forecasted by GlobalData to decline by 0.3% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output rising by 2.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Spain during Q3 2024, according to GlobalData’s construction projects database.
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1. VENERGY+ Lithium Battery Manufacturing Plant
The project involves the construction of the VENERGY+ lithium battery manufacturing plant in the town of Navalmoral de la Mata, Cáceres, Extremadura.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project’s aim is to manufacture zero-emission batteries for electric vehicles. The factory will receive 100% energy from renewable sources. Moreover, the company will be establishing a local battery industry ecosystem that encompasses smart EV charging, battery recycling, and other related technological innovations for the different phases of the battery lifecycle. Buy the profile here.
2. AS Madrid-Barajas Photovoltaic Solar Plant 142.42 MW
The project involves the construction of the AS Madrid-Barajas photovoltaic solar plant in Madrid.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
The project’s aim is to meet the self-consumption demand for electricity at the Adolfo Suárez Madrid-Barajas Airport, and to be carbon neutral by 2026, using the photovoltaic plan as its main tool Buy the profile here.
3. Gran Delfin Private Residences & Hotel Tower Development Phase Two
The project involves the construction of Phase Two of the Gran Delfin Private Residences and Hotel Tower in Benidorm, Valencia.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
The project’s aim is to meet the growing demand for luxurious residential facilities with leisure amenities in the region. The project will obtain the Leed Gold seal of sustainability certification.
4. Entrenúcleos Living Residential Complex
The project involves the construction of the Entrenúcleos Living Residential Complex in Sevilla, Andalusia.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2027.
5. Alma Residential Complex
The project involves the construction of the Alma residential complex in Granada, Andalusia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
