Repsol to develop 794 MW of newly acquired wind, solar in Spain

Spanish energy major Repsol SA (BME:REP) has acquired two wind projects and one solar photovoltaic (PV) scheme at home with a combined capacity of 794 MW, it announced today.

Repsol will develop the 335-MW Delta wind project in Zaragoza, Aragon, after acquiring it from Forestalia, as well as a 255-MW wind project in the provinces of Palencia and Valladolid, Castilla y Leon, bought from Iberen and the 204-MW Sigma solar project in Cadiz, Andalucia, acquired from Dosa.

All three will be managed by Repsol Electricidad y Gas and are expected to enter into service in the coming four years. They are in different execution phases, with secured land and a guaranteed connection to the power grid. Repsol said that the three plants will produce electricity to supply new and existing clients of the company.

Repsol’s goal is to operate 4,500 MW of low-emissions generation in 2025 and when those three new projects are put on stream it will have achieved 90% of that objective. Repsol previously bought the 264-MW Valdesolar PV project in the municipality of Valdecaballeros, Badajoz, and is also developing the 25-MW WindFloat floating wind project off the northern coast of Portugal.

At present, the company has 2,952 MW of installed low-emission capacity.

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