Tag: spain

Spain’s defence lies in solar energy

Geopolitical instability once again reminds us of an uncomfortable reality: energy remains one of the main sources of strategic vulnerability for Western countries. The current escalation of tensions in the Middle East — involving key actors at the centre of the global energy balance — has reopened the debate about dependence on imported fossil fuels. Every crisis in that region has almost immediate effects on international oil and gas markets, with direct repercussions on energy prices, inflation and the economic stability of importing countries such as Spain.

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Eiffage bags contracts for Spanish onshore wind projects 

Eiffage, through its subsidiary Eiffage Energía Sistemas, has been awarded two infrastructure contracts in Spain by Capital Energy for onshore wind projects in the Castile and León region. The combined value of the contracts is over €80 million. The projects involve developing electrical infrastructure for wind farms with a total installed capacity of 270 MW. The projects are scheduled to be completed in 2027.

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Repsol to install 100 MW electrolyser in Spain 

Repsol plans to install a 100 MW electrolyser at the Petronor industrial complex in Muskiz in northern Spain. The project involves an investment of about €292 million and is scheduled for commissioning in 2029. It has been recognised by the European Commission as an Important Project of Common European Interest and will receive €160 million financial support from the Government of Spain through NextGenerationEU mechanism.

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Moeve and Pretium Renovables to develop biomethane plants in Spain

Moeve and Pretium Renovables have entered into an agreement to develop between four and six biomethane plants in Spain. Each plant is planned with an estimated annual production capacity of 60 GWh. The projects are expected to be rolled out across multiple regions, with Andalusia identified as the priority area for initial development. Each biomethane plant is projected to offset 14,600 tonnes of carbon emissions annually.

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Spain approves subsidies for 1 GW of pumped storage projects

Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has approved a second round of subsidies for innovative hydroelectric pumped storage projects (PSP), with a total allocation of about €90 million. The call is part of the Recovery, Transformation and Resilience plan and is expected to support close to 1,000 MW of new installed capacity with 7 GWh of storage capacity. 

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Spain allocates €818 million funding to energy storage projects 

Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has approved funding for 126 large-scale energy storage projects. The allocation totals €818.3 million and is co-financed through the European Regional Development Fund (ERDF) for the 2021-2027 period. The selected projects are expected to add 2.2 GW of power capacity and 9.4 GWh of storage capacity across the country.

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EDPR sells 190 MWac Spanish solar portfolio to Prosolia Energy

EDP Renováveis, S.A. (EDPR) has completed an asset rotation transaction involving the sale of a 100 per cent equity stake in a 190 MWac, or 229 MWdc solar portfolio in Spain.   The solar portfolio was sold to Prosolia Energy for an estimated enterprise value of about €0.16 billion. It comprises five operational solar power plants located across the regions of Andalucía and Castilla y León.  

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ACCIONA Energía’s biomass plant begins clean energy supply to Spanish grid

ACCIONA Energía has started supplying renewable electricity to the grid from its Logrosan biomass power plant located in Cáceres, Spain. The plant has an installed capacity of 50 MW and is expected to generate around 380 GWh of electricity annually. The plant was awarded under the third renewable energy economic regime auction conducted by the Ministry for Ecological Transition and Demographic Challenge.

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Iberdrola begins construction on 366 MW solar projects in Spain

Iberdrola España has started construction of two solar projects in Valencia, Spain, involving an investment of about $252 million. The projects comprise the Ayora 1 and Cofrentes I solar farms, having a combined installed capacity of 366 MW. These projects are expected to strengthen regional energy independence and are scheduled to be commissioned by the end of 2026.

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EC allocates €5.2 billion for clean transition technologies

The European Commission (EC) has opened three funding windows under the Innovation Fund, supported by €5.2 billion in EU Emissions Trading System revenues. These include a €2.9 billion call for net-zero technologies, a €1.3 billion auction under the European Hydrogen Bank for renewable and low-carbon hydrogen production, and a €1 billion auction dedicated to industrial process heat decarbonisation.

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Magnon, ErasmoP2X, and Power2X join forces for e-methanol project in Spain

Magnon, ErasmoP2X, and Power2X are jointly developing an e-methanol production project at Magnon’s renewable energy complex in Puertollano, Ciudad Real, Spain. The initiative aims to produce 200,000 tonnes of e-methanol annually using biogenic carbon dioxide supplied by Magnon, integrated with its existing biomass-based renewable energy plant. The project will utilise green hydrogen generated by ErasmoP2X and Power2X.

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Masdar acquires 49.9 per cent stake in 446 MW solar portfolio

Masdar has finalised the acquisition of a 49.99 per cent stake in a €368 million solar portfolio from Enel Green Power España, a subsidiary of Endesa S.A.. The portfolio consists of four operational solar projects in Spain, with a cumulative capacity of 446 MW. The transaction includes €69 million in equity from Masdar and €115 million through acquisition financing. 

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Repsol to build hydrogen plant in Spain

Repsol, in partnership with Enagas Renovable, has approved the construction of a 100 MW electrolyser at its industrial complex in Cartagena, Spain. The project involves an investment of more than €300 million and has been recognised as a strategic initiative by the European Commission and Government of Spain under the Important Project of Common European Interest (IPCEI).

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Q ENERGY secures financing for Spanish hybrid solar portfolio

Q ENERGY has secured debt financing for “Taurus B,” a portfolio of seven solar photovoltaic projects, located across three provinces in northern and southwestern Spain with a cumulative capacity of 251.71 MW. The financing was arranged by Mitsubishi UFJ Financial Group and BNP Paribas. The company will act as the sole owner, as well as the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contractor.

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Zelestra and EDP ink solar plus storage PPA in Spain

Zelestra and EDP have inked a long term power purchase agreement (PPA) in Spain. The agreement combines large-scale solar and battery storage projects and technologies. Under the agreement, Zelestra will build a project consisting of 170 MWdc of solar capacity and 400 MWh of battery storage. The project will be located in Trujillo, Extremadura, Spain. Construction of the project will commence in the second half of 2025.

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Repsol acquires minority stake in Stargate Hydrogen

Repsol and Stargate Hydrogen have entered into an alliance in Spain. Repsol´s Corporate Venture arm has acquired a minority stake in Stargate Hydrogen’s share capital. The integration of Repsol as a partner will allow the company to boost its manufacturing capacity, speed up research and development initiatives, and strengthen its commercial operations across Europe, the Middle East, and Asia. The alliance aims to reduce the cost of renewable hydrogen production.

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ib vogt sells 110 MWp Pato solar farm in Spain

ib vogt has completed the sale of the Pato solar farm to NextPower V ESG. The Pato solar farm is a 110 MWp solar photovoltaic project in Segovia, Spain. The solar farm generates around 215 GWh of clean electricity annually. The project benefits from a secured long-term power purchase agreement with an industrial technology innovator. Furthermore, the solar farm is equipped with bifacial solar panels with tracking mounts for enhanced efficiency and generation.

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Plenitude commences operations of the Renopool photovoltaic park in Spain

Plenitude has commenced operations at the northern block of the Renopool photovoltaic plant with an installed capacity of around 130 MW. The northern block is connected to the grid and consists of three photovoltaic plants. It is expected to generate over 265 GWh annually. The Renopool project comprises seven photovoltaic plants, which are distributed across two blocks. The project will reach a total installed capacity of 330 MW once it is completed.

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BW ESS and Ibersun join forces for 2.2 GW BESS project in Spain

BW ESS and Ibersun have formed a joint venture to develop utility-scale battery energy storage system (BESS) projects across Spain. The joint venture of the companies is targeting greenfield, four-hour duration assets. It will progress with an initial 2.2 GW pipeline of eight projects. The two companies will have equal ownership in the projects. Ready-to-Build status for the projects is expected to be achieved within two years.

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