Orsted is all set to develop solar and onshore wind projects in the upcoming grid auctions in Spain.
For this, the company has already entered into four partnerships. It is said that these projects are at the early-stage. Besides, it will be engaged in multi-GW ambitions in the market too for the long-term.
The company has joined hands with Glide Energy, Rolwind, ARBA Energías Renovables, and Ereda.
According to Orsted, it aims to develop onshore wind and solar PV projects which will allow it to participate in the upcoming grid auctions and "put in bids to develop a multi-GW pipeline of solar and wind energy across Spain."
In long run, it aims to develop large-scale commercialise onshore wind, solar PV, and storage projects.
Orsted entered the European onshore market only last year and is developing projects that will contribute to achieve ambitions of 17.5GW onshore renewable capacity by 2030. Now, the company is focused on onshore business in Spain, which is one of Europe’s largest renewables markets.
Spain has aimed to reach 70% renewable generation by 2030, followed by 100% renewable generation by 2050. The country plans to develop 39GW solar PV and 50GW onshore wind by 2030.
Orsted onshore chief executive Neil O’Donovan commented, "We’re pleased to have established several strong partnerships to drive our onshore entry into the Spanish market and execute another step in our strategy of scaling our European platform. Our ambition is to grow a significant multi-GW onshore business in Spain over the next decade across wind, solar, and storage technologies."
The company has a goal of reaching 17.5GW of onshore capacity across the world by 2030.
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