- ABO Wind sells five renewable energy projects of 250MW capacity to Repsol.
- The projects are scheduled to go into operation between 2024 and 2025.
ABO Wind has agreed with Repsol SA to sell five renewable energy projects with a total capacity of 250 MW. The agreement includes the further development of the five projects by ABO Wind. ABO Wind started developing the projects in 2018 and will continue to work on them until reaching “Ready to Build” status. The partners have agreed not to disclose the sales price amount and cash flow structure.
The projects comprise three wind farms totalling 150 MW and two solar projects with a capacity of 100 megawatts. They are located in the province of Palencia in Northern Spain and will share interconnection infrastructures with other Repsol projects. All projects are at a very advanced stage of development and have obtained a positive Environmental Impact Statement and most of the necessary permits.
The projects are scheduled to go into operation between 2024 and 2025. When completed, the wind and solar farms will generate clean electricity to supply 172,000 homes and avoid the emission of 266,000 tonnes of CO2 each year.