ENERTRAG enters the Spanish market for renewable energies and establishes a joint venture with TeXla Energías Renovables

Photo (from left to right): Alberto Rodríguez López (Project Manager Spain ENERTRAG), Roland Bettscheider (Business Development TeXla Renovables), Miguel Montero Bueno (Managing Director TeXla Renovables), Dr Gunar Hering (Member of the Board ENERTRAG), Dr Tobias Bischof-Niemz (Division Manager New Energy Solutions ENERTRAG) and Aram Sander (Head of International Business ENERTRAG).

Dauerthal/Sevilla, 2 November 2021 | The two renewable energy companies have recently joined forces in a jointly managed project pipeline in which ENERTRAG has acquired a majority stake.

In the future, the partners will develop wind and PV projects on an equal footing in the south of Spain, where conditions are ideal for renewable energies. Andalusia is known to have the highest solar radiation in Europe as well as good site conditions for the use of wind energy.

Both companies benefit greatly from each other. TeXla brings extensive expertise in the engineering, development, permitting, operation and asset management of wind, PV and CSP projects and electrical infrastructure in Spain, with a track record of hundreds of megawatts.

ENERTRAG, for its part, is distinguished by its expertise in the areas of financing, hybridisation of renewable energy systems and its experience in structural implementation. In addition, ENERTRAG contributes its innovative technical know-how and more than ten years of experience in the production of green hydrogen from wind energy. In Germany, ENERTRAG already operates an interconnected power plant with 610 MW of renewable generation capacity that combines wind energy, photovoltaics and hydrogen.

The joint venture's project pipeline was pre-developed by TeXla. It includes 255 MW of mixed wind and solar projects in Andalusia to be realised in the next three to five years.

Hybrid solar-wind projects can reduce costs and enable the sharing of sites and grid infrastructure. Especially in summer, the generation curves of the two technologies complement each other very well and improve the reliability of the energy supply. In addition, the combination of wind and solar energy, if deployed on a larger scale, could also reduce ramping and lower the need for storage technologies due to the more predictable feed-in.

With this latest step, ENERTRAG continues to strategically expand its international activities. Today, ENERTRAG develops and operates wind and solar projects as well as plants for green hydrogen and its derivatives worldwide.