Ventient Energy has completed the acquisition of a 443MW solar and onshore wind portfolio in Spain.
The purchasing agreement that obtained regulatory approval this month comprises 203MW of onshore wind and 240MW of hybridised solar capacity which will be built on Ventient’s wind sites in the Spanish region of Castilla y Leon.
This acquisition will bring Ventient’s installed capacity to 2.8GW, which is set out to exceed 3GW with the development of the hybridized solar portfolio included in the purchase.
Ventient will also continue to work with Vapat for the delivery of operations services for the portfolio.
Ventient chief executive officer Mark Jones (pictured) said: “The completion of this acquisition reinforces Ventient’s progression in the energy transition; combining wind and other technologies for effective green energy delivery in the future, reaffirms the importance of our company in Iberia, which is now over 1.2 GW of operating renewable generation and a significant pipeline of future development, and continues the sustainable growth of a leading renewable energy business within Europe.”
“Each step in our growth strategy represents a long-term development of our sustainable approach to the generation of renewable energy, which is also clearly seen in our continued ESG leadership in the sector.
“The diversification of our energy portfolio will improve the reliability of energy production and allow us to better respond to the challenges faced by our environment due to climate change.
“In 2022 we continue to focus on involving stakeholders in our sustainability journey, raising awareness on climate change, and building even stronger ESG practices across the business, and our ongoing commitment to sustainability, pensioners who rely on us and the future of the people and the planet”