- Press Releases
July 26 (Renewables Now) - Spanish multi-energy company Repsol SA (BME:REP) on Monday announced that it has begun testing and power production trials at its 264-MW Valdesolar PV plant in Spain.
Construction works at the site in Badajoz province, the region of Extremadura, are still ongoing.
The Valdesolar solar farm is equipped with 648,000 PV modules grouped into five large areas. The plant will be connected to the grid through a new 400-kV substation that is also part of the project.
The EUR-200-million (USD 235.7m) project will be fully operational by the end of 2021, Repsol said.
Repsol’s other solar initiatives in Spain include the newly inaugurated Kappa complex featuring the Perseo Foton I, II and III projects, which will add 126.6 MW once fully online, and the 204-MW Sigma project.
A month ago, the company secured a position to develop solar and storage projects in the US through the acquisition of a 40% stake in Chicago-based specialist Hecate Energy LLC.
The oil-and-gas major is also working on a number of wind power projects in Spain and Chile as part of its ambition to reach 7,500 MW of renewable and low-carbon energy capacity by 2025, and 15 GW by 2030.
(EUR 1.0 = USD 1.179)