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Joint Venture: Enertrag Enters Spanish Renewable Energy Market

Dauerthal, Germany / Seville, Spain - The two renewable energy service companies Enertrag and Texla Energías Renovables are bundling part of their activities in Spain in a jointly managed project pipeline and have founded a joint venture for this purpose.

In the future, the partners will equally develop wind and PV projects in the south of Spain, where conditions are ideal for renewable energy. With this latest step, Enertrag continues to strategically expand its international activities. Today, Enertrag develops and operates wind and solar projects as well as plants for green hydrogen and its derivatives worldwide.

Both companies can benefit greatly from each other. Texla brings extensive knowledge in engineering, development, permitting, operations and asset management of wind, PV and CSP projects and electrical infrastructure in Spain, with a track record of hundreds of megawatts. For its part, Enertrag stands out for its expertise in financing, hybridization of renewable energy systems and its experience in construction implementation. In addition, Enertrag contributes its technical know-how and more than ten years of experience in the production of green hydrogen from wind energy. In Germany, Enertrag already operates an interconnected power plant with 610 MW of renewable generation capacity that combines wind energy, photovoltaics and hydrogen.

The joint venture's project pipeline was pre-developed by Texla. It includes 255 MW of mixed wind and solar projects in Andalusia to be implemented in the next three to five years.

Hybrid solar-wind projects in particular could reduce costs and also enable the sharing of sites and grid infrastructure. Especially in summer, the generation curves of the two technologies complement each other very well and improve the reliability of the energy supply. In addition, the combination of wind and solar power, if deployed on a larger scale, could also reduce ramping (start-up of power plants during power changes) and reduce the need for storage technologies due to the better plannable feed-in power, Enertrag added.

Source: IWR Online, 10 Nov 2021