Monlora III Wind Farm, Spain

Monlora III Wind Farm is a 49.79MW onshore wind power project. It is located in Aragon, Spain. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in 2020.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	49.79	49.79	–	Active	Aragon, Spain	ENGIE Espana SLU; Forestalia Renovables

Description

The project was developed by ENGIE Espana SLU and Forestalia Renovables. The project is currently owned by ENGIE Espana SLU with a stake of 42%, Forestalia Renovables and Mirova.

The project cost is $109.538m.

The project has 85m high towers.

Development Status

The project is currently active. The project got commissioned in 2020.

Contractors Involved

GE Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 13 units of 3.8-130 MW turbines, each with 3.83MW nameplate capacity.

GE Renewable Energy is the O&M contractor for the wind power project for a period of 20 years.

About Forestalia Renovables

Forestalia Renovables SL (Forestalia Renovables) is a renewable energy company that operates biomass and renewable energy projects. The company generates energy from renewable energy projects such as biomass, wind and photovoltaic, pellets and chips, and energy crops. It generates electricity using biomass and fuel thermal energy using chip and pellets. Forestalia Renovables also generates electricity through its wind farms. The company produces energy crops with plantations in Spain, France and Italy. It operates its biomass electricity projects in Cubillos del Sil, Monzon, Lebrija, Zaragozanas, Zeura and Erla, Spain. Forestalia Renovables is headquartered in Madrid, Spain.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.