Repsol, Telefonica release new residential, C&I solar JV in Spain

• Spanish oil and also gas major Repsol and telecoms firm Telefonica have developed a joint venture (JV) to give solar installs and also energy services across various target audience in Spain.

The JV is to offer a "thorough" solar offering to home owners, communities and also companies in Spain, including the installment of solar PV and also associated power services.

The collaboration of 2 of the most significant Spanish business in their corresponding markets, will certainly see Repsol give its knowledge in power and Telefonica will add with its circulation networks as well as capacity to combine various linked modern technologies.

By combining the knowledge and also experience of both business, the new entity will certainly have experts able to use customer service both before and after the setup of photovoltaic panels.

It will certainly give clients with the installation design that is finest suited to their demands or what are the best alternatives in terms of self-consumption and also a mobile application allowing the client to manage the install and also optimize its energy use.

After passing a significant landmark last year with its initial PV solar farm in Spain, Repsol is continuing to expand its energy offering with a profile of renewables projects. Last year, Repsol raised its renewables targets adhering to strong business efficiency, with its most current numbers intending to get to 20GW by 2030.

Emilio Gayo, chairman of Telefonica España, said: "This is a tactical agreement between two leading companies that contribute their expertise in 2 basic facets to develop a solid and also cutting-edge value proposition for both people and also business; on the one hand, connectivity, and on the various other, the installation and also administration of solar photovoltaic panels to capitalize on solar energy."