Repsol unveils 126.6-MW solar complex in Spain

Spanish multi-energy company Repsol SA (BME:REP) inaugurated on Monday two operating solar photovoltaic (PV) farms of the 126.6-MW Kappa complex in Ciudad Real province, central Spain.

The Kappa project, Repsol's first venture into solar, required an investment of EUR 100 million (USD 118.6m) and will consist three solar plants -- Perseo Foton I, II and III -- once fully finalised.

The first two, with a combined capacity of 90.5 MW, are already operational. The project for the remaining 36.1 MW from Perseo Foton III is still under construction, Repsol said.

The plants are located in the town of Manzanares.

At full capacity, Kappa will have 285,331 solar modules, which should be enough to supply renewable power to 71,000 homes and offset nearly 107,600 tonnes of carbon dioxide (CO2) each year.

Repsol, an oil-and-gas company and a relative newcomer to the renewables industry, is currently developing two large-scale solar projects in Spain, the 264-MW Valdesolar and the 204-MW Sigma.

In the wind power segment, the company operates the 335-MW Delta wind farm and started building the first projects of the 860-MW Delta II cluster.

At present, Repsol boasts a total installed capacity of 3,386 MW, with another 2,549 MW in various stages of development. Repsol said that it plans to become carbon neutral by 2050, targeting 7,500 MW of low-emissions generation capacity by 2025, which could be doubled by 2030.

(EUR 1.0 = USD 1.186)

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