EDP develops hybrid energy farms in Spain

 In Companies, Energy, News

The alternative energy company, EDP Renováveis, part of the Portuguese EDP Group, is to develop four hybrid energy solar and wind farms in Spain in a trend that the company wants to replicate in Portugal.

EDP Renováveis will install the farms and have them up and running between 2022 and 2023 which will be, according to the company, the first hybrid projects developed by the energy giant on the Iberian peninsula.
The news comes after EDP Renováveis production fell 5% in 2020 because of an assets selldown.
EDP Renováveis (EPDR) produced 28.5 terawatts per hour (TWh) less clean energy than in 2019 because of less installed capacity. This development in Spain looks to redress that fall.
Late last month, EDPR, a world leader in the renewables energy sector, and the third largest producer of wind energy worldwide, won a long-term Contract for Difference (CFD) in both Spanish and Italian renewable energy auctions for the sale of electricity.
More specifically regarding Spain, a portfolio of six wind and solar projects were won, including the hybrid projects with a total capacity of 142 MW.
This new long-term contract strengthens the company’s presence in Spain with 2.3GW in operation and 366 MW guaranteed in the country for the following years.
EDPR operated its first wind farm in Spain in 1997 and the Spanish market is one of the most developed wind energy markets in the world.
In 2019 it was awarded the Best Renewable Energy Provider – Spain 2019 prize at the 8th edition of the International Finance Awards in Dubai.