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.
2. R2 Underground Railway Line Development
The project involves the construction of the R2 Underground Railway Line which will pass through Montcada i Reixac in Barcelona, Catalonia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2031.
The project will remove the railway barrier on the Barcelona Commuter Line R2 as it passes through the urban center of Montcada i Reixac and consequently eliminates the two level crossings currently existing in the town by burying a section of the route and the suburban station passing through Montcada i Rexac.
3. 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 started in Q3 2024 and is forecast to complete 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
4. N-121-A Tunnel Development
The project involves the construction of tunnels on the N-121-A highway in Navarra.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2028.
The project’s aim is to increase security of travelers, and to comply with Directive 2004/54/EC, on minimum security requirements for tunnels of the Trans-European Network.
5. Agrupación Maira Alpha Solar Complex 170 MW
The project involves the construction of the Agrupación Maira Alpha Solar Power Complex in the Municipalities of Llano de Bureba, Los Barrios de Bureba, Oña, La Vid de Bureba, Berzosa de Bureba, Quintanilla San García, Valluércanes, Briviesca, Vallarta de Bureba, Grisaleña, Busto de Bureba, Quintanaélez, Partido de la Sierra in Tobalina, and Valle de Tobalina in Burgos Province.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project’s aim is to meet the growing demand for electricity in the region.
For more details on the latest construction projects, buy the profiles here.
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