Repsol has commenced the construction of the first two wind farms, La Cometa I and La Cometa II, which will have a combined capacity of 60 MW. They will have four and 12 wind turbines, respectively, and will start operations in Q1 2022. The company aims to start construction on three other wind farms for the Delta II in 2021.
The whole project is expected to be completed by 2023 and will supply 800,000 homes, preventing the emission of 2.6 million tonnes of CO2 per year. Besides Delta II, Repsol also operates the Delta wind project in Aragon, which has 89 wind turbines with an installed capacity of 335 MW across eight wind farms. Moreover, construction for the 175-MW Pi wind project located between Palencia and Valladolid, is expected to start in 2021,
Repsol’s commitment to renewable energy is also enshrined in the solar power sector, where the company is developing three projects in Spain. In July 2020, the company started the construction in Badajoz of the Valdesolar wind project with a total installed capacity of 264 MW. The other two projects are Kappa in Ciudad Real, which will have three photovoltaic plants with a total installed capacity of 126 MW, and Sigma, with 204 MW of total installed capacity in Cadiz.
As part of its 2021-2025 Strategic Plan, Repsol aims to be a multi-energy company with zero net emissions by 2050. To achieve this, the company plans to reach 7.5 GW of low-emission generation by 2025 and double that by 2030. Currently, Repsol has around 3.3 GW of total installed low-emission generation capacity, with an additional 710 MW capacity to come on line by end of 2021. The company plans to invest EUR 5.5 billion between 2021 and 2025 in low-carbon initiatives, 30% of the total of EUR 18.3 billion that it has planned to invest during that period.
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