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ABO Wind sells five renewable energy projects to Repsol Renovables

ABO Wind has reached an agreement with Repsol Renovables for the sale of five renewable energy projects in Spain. The projects will produce enough clean electricity to power 172,000 homes and avoid 266,000 tons of CO2 emissions annually.

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ABO Wind signs an agreement with Repsol Renovables for the sale of five renewable energy projects in Spain. These facilities include three wind farms totaling 150 MW and two solar projects with a capacity of 100 megawatts located in the province of Palencia in northern Spain.

Undisclosed financial structure

The partners have agreed not to disclose the prices and structures of the financial flows related to the transaction. The projects are currently at an advanced stage of development and have received a positive Environmental Impact Statement, as well as most of the necessary permits. When completed, they will produce enough clean electricity to power 172,000 homes and avoid the annual emission of 266,000 tons of CO2.

Largest Spanish portfolio

This agreement fits well with ABO Wind’s broader plan for the Spanish market, which currently includes 13 projects totaling 650 megawatts that have received a positive declaration to reach the next milestones in the coming months. The company is also working on specific projects totaling 1.1 gigawatts spread across different regions and combining different renewable technologies such as green hydrogen or grid-connected photovoltaic generation.

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