Aer Soléir and Tartessos Power Development have announced the signing of a development services agreement covering the co-development of a hybrid project of over 130MW in the Andalucía region of Spain.
Tartessos, a Spanish based developer with an extensive track record in renewable energy development, has a strong presence across Spain and a robust greenfield renewable energy development portfolio.
The partnership allows Dublin-based Aer Soléir to enter the Spanish market with a trusted collaborator and work together to successfully develop its first hybrid project. The Irish company is focused on multi-technology renewable energy development, construction and operation with a particular emphasis on utility-scale onshore wind, solar, and energy storage projects.
The agreement will see the companies work closely together, enabling Tartessos to enhance its position as an accomplished green field developer and Aer Soléir to expand its portfolio in a new market.
“The agreement signed with Tartessos Power Development represents a significant milestone for Aer Soléir, our first investment in the Spanish market, and also the introduction of our first hybrid project with an experienced and committed developer in the Spanish renewables market,” said Aer Soléir chief executive Andy Kinsella.
“Tartessos brings strong local expertise and knowledge to this collaboration enabling us to expand into the Spanish market. This investment shows our commitment to grow our portfolio in new markets.”
Tartessos managing director Rainer Kistner added: “The partnership between Aer Soleir and Tartessos is a perfect match: a well-established renewable energy developer with a 25-year track record in Spain joining forces with an international investor backed by a leading global provider of private capital for the energy transition and decarbonization sector.
“The envisaged location in southern Spain is the ideal spot for an innovative hybrid project with the objective to produce during day and night renewable energy at lowest costs.”