Alpiq has signed an agreement with Germany’s ABO Wind to acquire an 18 MW photovoltaic portfolio in Spain.
This is the Swiss electricity supplier’s first acquisition of renewable energy in Spain.
Alpiq: ABO Wind at the helm until mid-2022
Alpiq has acquired the project rights for two photovoltaic plants fromABO Wind, a developer of renewable energy projects.
Located in the province of Toledo, they will have a total capacity of 18 MW and should be operational by July 2022. The two firms declined to disclose the amount of the transaction, finalized in May 2021.
Currently at an advanced stage of development, both projects will be managed by ABO Wind through to construction.
CO2 emissions to be 23% lower in 2030
The installations fall within the scope of Spain’s recently passed law to combat climate change.
By 2030, CO2 emissions must be 23% lower than in 1990.
The law also imposes a 42% share of energy from renewable sources in total consumption. The ultimate goal is carbon neutrality by 2050, with energy production coming exclusively from renewable resources.
Alpiq’s acquisition of renewable energy in Spain is in line with the country’s national objectives, but also supports the company’s own ambitions.
Managing the operational and commercial aspects of its portfolio, the company aims to supply CO2-neutral electricity.
Alpiq manages 1.5 GW of energy in Spain
Alpiq plans to expand its renewable portfolio in Spain, both with its own facilities and those of third parties.
Already the owner of a flexible combined-cycle gas power station, it now manages 1.5 GW in the country.
It currently supplies over 4 TWh of gas and more than 1 TWh of electricity to industrial customers, but is keen to strengthen its position. The energy services provider has already conquered the Swiss market, as well as parts of the French, Italian, Bulgarian and Hungarian markets.
With this acquisition in Spain, Alpiq demonstrates its ambition to become Europe’s number 1 in energy.
