Statkraft Launches 47-MW Wind Farm, Eyes Hybrid Project

• Statkraft powers up Spain with a 47-MW wind farm, paving the way for its first hybrid wind-solar project, boosting renewable energy innovation and capacity.

Norwegian power producer Statkraft AS has successfully commissioned a 47-MW wind farm in the Burgos province of Spain. This development marks a significant step in Statkraft's expansion within the Spanish renewable energy sector, contributing to the country's growing wind energy capacity.

In addition to the wind farm, Statkraft is progressing with plans to introduce its first hybrid wind and solar project in Spain. This initiative reflects the company's strategy to integrate multiple renewable energy sources, enhancing efficiency and reliability. The hybrid project underscores Statkraft's commitment to innovation and sustainable energy solutions in the Spanish market.

How is Statkraft expanding its renewable energy presence in Spain with new projects?

• Expansion of Solar Energy Projects: Statkraft is actively investing in solar energy projects across Spain, aiming to harness the country's abundant sunlight. This includes the development of large-scale solar farms that will significantly contribute to Spain's renewable energy targets.
• Partnerships with Local Companies: To strengthen its presence in Spain, Statkraft is forming strategic partnerships with local energy companies. These collaborations are designed to leverage local expertise and facilitate smoother project implementation and operation.
• Investment in Energy Storage Solutions: Recognizing the importance of energy storage in balancing supply and demand, Statkraft is exploring opportunities to integrate advanced battery storage systems with its renewable projects. This will help stabilize the grid and ensure a consistent energy supply.
• Community Engagement and Support: Statkraft is committed to engaging with local communities in Spain, ensuring that its projects provide economic benefits and job opportunities. The company is also focused on minimizing environmental impacts and promoting sustainable development practices.
• Research and Development Initiatives: Statkraft is investing in research and development to explore new technologies and innovations in renewable energy. This includes studying the potential of emerging technologies such as floating solar panels and offshore wind farms in the Spanish context.
• Long-term Power Purchase Agreements (PPAs): To secure a stable revenue stream and support the financial viability of its projects, Statkraft is entering into long-term PPAs with businesses and utilities in Spain. These agreements provide a reliable market for the renewable energy generated by its projects.
• Commitment to Carbon Neutrality: As part of its broader sustainability goals, Statkraft is committed to achieving carbon neutrality. This involves not only expanding its renewable energy portfolio but also implementing measures to reduce emissions across its operations in Spain.