Repsol has completed the construction its largest solar plant in the US.
Frye Solar is located in Kress, Texas, and has an installed capacity of 637MW, with 570MW now in operation.
The array is comprised of almost one million solar panels.
Repsol has already signed a long-term power purchase agreement for 89% of the output from this project as part of its strategy to lock in returns for this type of asset.
“Repsol views completion of our largest U.S. renewable facility to date as a major milestone that will contribute to our commitment to become a net zero emissions company by 2050,” said Repsol’s chief operating officer, low carbon generation North America, Federico Toro.
“Our growth ambition in this country is significant.”
Repsol’s total renewable installed and under development capacity in Texas is 2091MW, including the facilities at Frye (637MW), Outpost (629MW) and Pinnington (825MW).
In addition, the company already generates renewable electricity at its existing solar power plants in New Mexico, Jicarilla 1 and 2, with a total installed capacity of 125MW and 20MW of battery storage.
Renewable energy generation is one of the pillars of Repsol’s decarbonisation strategy, it said.
According to the Strategic Update, the company will invest between €3bn-€4bn to organically develop its global portfolio and aims to reach between 9000MW and 10,000MW of installed capacity by 2027.
Of this, 30% will be in the United States, after consolidating the Hecate and ConnectGen project pipeline.