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February 16, 2021

Matrix Renewables and Rolwind sign 1GW development partnership

Global renewable energy platform Matrix Renewables has signed a partnership agreement with Rolwind for the development of 1GW of renewable projects in Spain.

By Umesh Ellichipuram

Spain-based renewables investment companies Matrix Renewables and Rolwind have signed a partnership agreement to develop 1GW of renewable projects.

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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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Matrix Renewables will initially invest in 150MW of three solar photovoltaic assets located in Huelva province. A company statement said that these solar power assets have the potential for co-located energy storage development.

After closing the investment, the company will increase its portfolio of ready-to-build and late-stage development projects in Spain to 275MW.

Matrix Renewables mergers, acquisitions and investments head Iñigo Asensio said: “Matrix is excited about this new investment in Spain, which represents an important step in expanding our presence in Europe.

“These projects have great solar resource, are permitted for storage and have a good grid connection – we are excited to be working with Rolwind to bring them into operation next year.”

Rolwind currently has a portfolio of more than 1.5GW of development projects in Spain and Panama. These are currently in the late stage of development, with construction set to start in the next few months.

Rolwind CEO Domingo Estepa said: “We are delighted to partner with Matrix and TPG in this agreement, which allows us to give a strong boost to our developments in Spain where we currently have more than 1GW in different stages of development.”

Asset manager TPG created Matrix Renewables as well as investment platform The Rise Fund. Matrix has a 1.3GW portfolio, focusing on growth across Europe, the US and Latin America. It also plans to increase its portfolio across the Iberian Peninsula.

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Free Report
img

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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