Enertrag sets up JV to enter Spanish renewables market

Image by Enertrag GmbH.

November 3 (Renewables Now) - German renewables developer Enertrag AG has formed a joint venture with Spanish peer TeXla Energías Renovables that will implement a 255-MW pipeline of mixed wind and solar projects in southern Spain.

The German firm took a majority stake in the pipeline, which has been pre-developed by TeXla, Enertrag said on Tuesday. The projects are located in Andalusia, a region that enjoys the highest solar radiation in Europe, and will be implemented by the two partners on an equal basis in the next three to five years.

The partnership combines TeXla's expertise in engineering, development and operation of wind, solar and CSP projects with Enertrag's know-how in the financing, hybridisation of renewable energy systems and construction. The German partner already operates a 610-MW power plant in Germany, combining hydrogen, wind and solar power.

Hybrid solar and wind projects have the potential to reduce costs and allow the shared use of sites and network infrastructure. The production curves of the two technologies complement each other especially in the summer, making energy supply more reliable, Enertrag states.

 

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