Repsol to add 860MW more to Spain’s Renewable Energy

Repsol Energy and Gas Unit—a subsidiary of Repsol that itself is one of the leading integrated oil and gas companies in the world—has announced that they will develop 860 MW wind farms in Europe. The project will be constructed under build and operate contract.

The name of the project is Delta 2, located in the northern Spanish region of Aragon, in the provinces of Huesca, Zaragoza, and Teruel where a wind farm of 335 MW is currently under construction by Repsol.

Net Zero Emissions by 2050

Being an oil and gas company, in December 2019 Repsol had set an ambitious objective to become a Net Zero Emission Company by 2050.

Repsol Strategy to achieve the target:

Note: Reduction of carbon intensity indicator from 2016 as a baseline

The addition of 860MW helps the company push closer to its Net Zero Emission goal. Some of the other projects by Repsol include Delta Wind Farm of 335MW; the PI wind farm of 255MW, a photovoltaic park of 204MW in Cadiz (Sigma); a photovoltaic park of 264MW in Valdesolar (Badajoz); 126.6 MW Kappa photovoltaic and 5MW of Atlantic WindFloat floating wind farm(25MW).

Repsol Renewable Portfolio

Note:  A total of 2045 MW of renewable energy projects are under construction and 2,952 MW of projects are completed.

Some other facts of Delta 2 project:

·         The project is expected to be completed by the end of Q4, 2023

·         Once the project comes to live, it will cater to around 1.8 million people (Which is more than the Aragon population).

·         If we compare CO2 emissions released by coal power plants, this project will avoid 2.6 million tonnes of CO2 emissions into the atmosphere.

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