Danish energy firm Ørsted has finalised four partnerships to develop early-stage solar and onshore wind projects across Spain by participating in upcoming grid auctions.
The company has signed partnerships with Glide Energy, Rolwind, ARBA Energías Renovables and Ereda.
To support this plan, Ørsted has established a team and office in Madrid.
The Spanish government aims to generate 70% of the country’s power from renewable sources by 2030 and achieve 100% renewable generation by 2050.
To reach this goal, Spain is planning to build 3GW of floating offshore wind capacity, 50GW of onshore wind capacity and 39GW of solar capacity by 2030.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
The country also aims to develop a range of marine energy projects with 40-60MW of combined capacity by the end of the decade.
Ørsted said that the short-term goal of the partnerships is to develop onshore wind and solar photovoltaic (PV) projects in Spain.
In the long-term, the company plans to develop large-scale onshore wind, solar PV and energy storage projects that could be commercialised either through government auction or via corporate power purchase agreements (PPAs).
Spain’s grid auction is expected to be held this year.
Ørsted Onshore CEO Neil O’Donovan said: “Our ambition is to grow a significant multi-GW onshore business in Spain over the next decade across wind, solar and storage technologies that will help our corporate and government partners decarbonise and complement the ambitions of Ørsted’s offshore business in a key market.”
In a separate development, Ørsted has invested in Norwegian start-up Spoor AI, which has developed an artificial intelligence (AI) system to monitor birdlife at offshore wind farms.
The company has made the investment together with venture capital firms Norrsken Foundation, Wiski Capital, Nysnø Climate Investments and Antler.
Ørsted will also partner with Spoor for developing and commercialising the Spoor technology at many of its offshore wind farms.
