ABO Wind markets 250 MW of wind, solar projects in Spain to Repsol
- Spanish multi-energy team Repsol SA (BME: REP) has actually struck an agreement with German renewables programmer ABO Wind AG (ETR: AB9) to acquire a 250-MW portfolio of wind as well as solar projects in Spain, both companies stated on Tuesday.
They agreed not to reveal just how much Repsol is spending for the plan, which includes three wind farm projects amounting to 150 MW as well as 2 solar PV projects with a combined capacity of 100 MW.
Every one of the sites lie in the province of Palencia, north Spain, where they will certainly share affiliation framework with a portion of Repsol's PI wind farm collection. The PI project is still unfinished, with only one of its 7 intended wind farms running.
The acquired projects remain in an innovative stage of development and have a favorable ecological effect assessment in position. Under the agreement, ABO Wind will certainly continue to develop the portfolio till shovel-ready in support of Repsol.
The companies expect all plants to be all set for operation in between 2024 and also 2025.
The procurement will certainly boost the dimension of Repsol's portfolio in Spain to 3,200 MW, including capacity in operation, unfinished or in sophisticated stages of advancement.
As for ABO Wind, the company states it has 1,100 MW of wind as well as solar PV projects presently in the operate in Spain.