Spanish conglomerate group- Acciona has recently presented a potential portfolio of new projects of more than 13,000 MW.
At the end of 2019, the Madrid based company had a green power generation facility portfolio of 10,117 megawatts (MW) installed, 56% in Spain and 44% in international markets.
Reports suggest, the latest investment of Acciona in photovoltaic energy and wind power will help to increase the presently installed 10.1 GW to 15 GW in the next five years, at a rate of 1 GW net per year.
The company at the end of 2019 had 13 GW of renewable energy between consolidated and semi-consolidated, 835 megawatts (MW) under construction. Furthermore, it also contributed 99 million to subscribe the 10% increase in the capital of wind turbines manufacturer Nordex.
Owning to reports, José Manuel Entrecanales, Acciona’s executive president, is focusing exclusively on infrastructure in order to cope up with the objectives of fighting climate change and sustainability.
Entrecanales further adds that the installation of new energy capacity in Spain depends increasingly on access to hybridization (mixture of biomass and solar thermal) before the new regulation. This includes the competitions and auctions of technologies regarding biomass or thermosolar, in addition to achievement of electricity supply contracts with private clients and energy intensive consumers.
“You have to invest a lot in the Spanish energy market,” he explained. He further stated that Energy and Climate Plan and the “opportunities” that it will generate and that “if possible” will take advantage of wind energy, photovoltaic, biomass and concentrated solar power.