German-based independent energy company Enertrag has entered the Spanish market and established a joint venture with renewable energy company TeXla Energías Renovables.
Both the companies intend to develop PV and wind projects in sunny southern Spain. With this joint venture, Enertrag has strategically expanded its international activities.
Recently the two companies had pooled their strengths in a jointly managed project pipeline, in which Enertrag had achieved a majority stake. Now, the companies intend to develop a project pipeline comprising 255 MW of mixed wind and solar projects in the province of Andalusia, which has the highest solar irradiation in Europe. The capacity will be implemented in the next 3 to 5 years. Hybrid solar-wind projects have a way of reducing costs and also enable the shared use of locations and grid infrastructure.
While Enertrag brings in its expertise in the areas of financing, hybridization of renewable energy systems and structural implementation, TeXla brings to the table its knowledge in the fields of engineering, development, approval, operation and asset management of wind, PV and CSP projects as well as electrical infrastructure in Spain with a track record of hundreds of megawatts.