Enertrag has entered into a joint venture with Texla Energias Renovables to enter the Spanish renewable energy market.
Under the terms of the joint venture, the two companies will collectively manage a project pipeline in which Enertrag has acquired a majority stake.
The partners will develop wind and solar projects on an equal footing in the south of Spain, where the region of Andalusia benefits from the highest solar radiation in Europe as well as good site conditions for harnessing wind energy.
The joint venture’s project pipeline has been pre-developed by Texla and includes 255MW of mixed wind and solar projects in Andalusia to be implemented in the next three to five years.
Hybrid solar-wind projects can lower the costs and allow the sharing of site and grid infrastructure.
Especially during summer, the generation curves of wind and solar PV complement each other and improve the reliability of energy supply.
The combination of wind and solar could also reduce the need for ramping, if applied more widely, and lower the need for storage technologies due to the better plannable feed-in power, Enertrag said.
Texla brings “extensive knowledge” in engineering, development, permitting, operation and asset management of wind, solar PV and concentrated solar plant projects as well as of electrical infrastructure in Spain totalling hundreds of megawatts.
Enertrag specialises in financing, hybridisation of renewable energy systems and project construction plus “innovative technical know-how and more than 10 years of experience in the production of green hydrogen from wind energy”.
In Germany, Enertrag operates an integrated power plant with 610MW of capacity combining wind power, solar PV, hydrogen and biogas.