Danish energy company Ørsted is expanding to Spain where it has announced entering partnerships with Glide Energy, Rolwind, ARBA Energias Renovables and Ereda to explore GW level early-stage solar and onshore wind projects in the upcoming grid auctions.
In the short-term, Ørsted aims to develop such projects across Spain capitalizing on the extensive greenfield development experience of its local partners who will support it with project development and services. The Spanish auctions are expected in mid-2022 and the company wants to bid for 'multi-GW' pipeline of solar and wind energy projects.
In the long-term, it explained, the Danish company wants to develop large-scale onshore wind, solar PV and storage projects that can be commercialized either through government auctions or via corporate power purchase agreements (PPA) that's currently booming in Spain and all over Europe.
"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 decarbonize and complement the ambitions of Ørsted's offshore business in a key market. We believe these partnerships to be the best starting point for that journey," said Ørsted Onshore CEO Neil O'Donovan.
Ørsted has established a local office in Madrid and brought together a local team.
The company recently announced its plans to enter the floating offshore wind market in Spain. Within Europe, presently Ørsted has onshore projects in Ireland and the UK, while its largest onshore wind and solar portfolio exists in the US. By 2030, it aims to reach close to 17.5 GW of onshore capacity globally.
Calling Spain an attractive market for developers, Ørsted referred to the Spanish ambition to build 39 GW solar PV, 50 GW onshore wind, 3 GW floating offshore wind and 40 MW to 60 MW of various types of marine energy by 2030.
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