Spain’s integrated energy company Repsol has started construction of one of seven renewable energy projects on the Iberian Peninsula, the Kappa solar farm, with a capacity of 126 megawatts (MW). The plant will start commercial operation in early 2021. The project will provide electricity to 183,000 people in Ciudad Real, Spain.
The EUR100 million (USD107.9 million) installation, located in the municipality of Manzanares, consists of three plants with installed capacities of 45MW, 45MW and 36MW.
Repsol said construction works at its EUR200 million (USD215.9 million) 264MW Valdesolar solar project in Badajoz will start in the coming weeks.
In December 2019, Repsol announced that it was focusing its strategy to become a net zero emissions company by 2050, making it the first company in its sector to set this ambitious target. In accordance with the Paris Agreement, it aims to limit global warming to below 1.5 degrees Celsius, compared to pre-industrial levels.
To achieve this target, Repsol is envisaging new intermediate goals to reduce its carbon intensity indicator, using 2016 as the baseline: 10% by 2025, 20% by 2030, and 40% by 2040, in order to advance towards net zero CO2 emissions in 2050.
In February 2020, Repsol announced the addition of a 860 MW wind farm project in the northern Spanish region of Aragon to its renewables portfolio. The project, named Delta 2, is made up of 26 wind farms located in the provinces of Huesca, Zaragoza, and Teruel. They will be built and operated by subsidiary Repsol Electricidad y Gas and will be developed over the next three years. When fully operational, they will be able to supply electricity to around 1.8 million people, which is more than the whole population of Aragon. At the same time, the renewable power they will generate will annually avoid the emissions of more than 2.6 million tonnes of CO2 into the atmosphere, compared with electricity produced with coal.
Repsol’s renewable assets under development have a total capacity of 2,045 MW. Together with the 2,952 MW of installed capacity that the company already possesses, they consolidate Repsol as a leading player in the generation of low-emissions electricity in the Iberian Peninsula.