Velto Renewables, an independent renewable energy producer, today announced a partnership with Kenergy, a Spanish developer with activities in Europe and Latin America, to ensure the growth of a pipeline of 1 GW of photovoltaic solar power projects in Spain.
Under this agreement, the two companies will work together on co-developing solar power projects currently in their early stage, incorporating best practices and solutions to optimize their environmental, social, and technological features. This co-development partnership will enable the two groups to harness their significant development, financial, technical, and operational expertise and to accelerate the energy transition in Spain.
With this partnership, Velto Renewables is evolving toward its consolidation as a European independent power producer. In the past few years, its management activities have spanned from solar in Spain to offshore wind in the United?Kingdom.
“We are now starting to develop new projects in Spain, while continuing to implement various strategies to optimize the performance of our operating assets. This is a significant milestone as we work to grow our portfolio, Velto is already a proud player of the European energy transition and wants to continue growing its positive impact in benefit of the overall community and stakeholders” said Lucas de Haro, Managing Director of Velto Renewables.
“For a company like us, it is very exciting and motivating to have a partner whose leverage, experience and long-term commitment allow us to create assets of great value for the society, the environment and its shareholders”, commented Gabriel Aguirrezábal, Managing Partner of Kenergy.
