Cepsa states it has 2.1 GW of solar projects in the operate in Spain

• Spanish oil refiner Cepsa said on Thursday that it has 2.1 GW of solar PV projects under development in Spain, or nearly one third of the renewable energy capacity it intends to mount by 2030 as it works to transform itself into a sustainable wheelchair company.

In the portfolio are 17 projects situated in four areas of Spain, with Cepsa obtaining a favourable ecological effect statement for nine of them. The business said the projects would stand for an investment of EUR 1.5 billion (USD 1.59 bn) and a possibility to produce as much as 5,000 jobs throughout peak construction.

It has actually been almost a year because Cepsa revealed its 2030 Positive Motion technique, in which it established investment and green energy as well as alternate gas targets. These consist of the plan to install 7 GW of wind as well as solar farms to power its own industrial processes, generate green hydrogen and assistance e-mobility.