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May 25, 2022

Enel Green Power España inaugurates 180MW wind farm in Spain

The project is located in the province of Zaragoza and involved an investment of €181m ($193m).

Enel Green Power España (EGPE), a subsidiary of Spanish energy utility Endesa, has linked its 180MW Tico Wind wind farm in Spain to the country’s energy grid.

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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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Located in Villar de los Navarros in the province of Zaragoza, the Tico Wind project required a €181m ($193m) investment.

It has the capacity to generate 471GWh of green electricity and displace 192,200 tonnes of carbon emissions a year.

EGPE began construction works at the site in May last year.

EGPE head Rafael González said: “With this project, we are reaffirming our commitment to continue strengthening the renewable generation mix in Spain, which will help comply with the country’s green energy objectives.

“We are also leveraging on the abundance of renewable sources in Spain while actively promoting innovation and sustainability through the adoption of international best practices during the construction phase.”

EGPE has agreed to supply 78.5MW of the power generated by Tico Wind to Novartis under a ten-year pan-European Virtual Power Purchase Agreement (VPPA) signed by the two companies in 2020.

The project will help Novartis offset 96,000t of carbon emissions a year.

Novartis Environmental Sustainability external engagement head James Goudreau said: “The launch of Tico Wind marks an important milestone in our sustainability journey to be carbon neutral across our operations by 2025 and to achieve net-zero carbon emissions by 2040.

“Energy efficiency and renewable energy solutions are the cornerstones of our strategy for reducing emissions, and we are pleased to have partners such as Enel Green Power on our side.”

EGPE said that around 330 local workers were hired during Tico Wind’s construction phase, with around 30% of the workers being employed from Villar de los Navarros and the surrounding area.

Last month, Enel Green Power signed a grant agreement with the European Commission to build a solar panel gigafactory in Italy.

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Free Report
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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.
by GlobalData
Enter your details here to receive your free Report.

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