Cepsa has surpassed 2GW of solar projects under development (2.1 GW), nearly a third of the renewable capacity target the company set a year ago when it launched its Positive Motion strategy for the end of this decade. The 17 renewable projects will provide the company with renewable electricity both to supply the high-power EV charging points it is installing across its network of service stations, and to sustainably supply the energy needed at its industrial centers, including for the production green hydrogen and second-generation biofuels.
Through an investment of 1.5 billion euros, these projects will produce an estimated 4,500 GWh of energy annually, equivalent to the annual consumption of more than 1.3 million homes, and will prevent the emission of 1.8 million tons of CO2 each year.
Specifically, Cepsa is developing 17 photovoltaic energy projects in Castilla-La Mancha, Andalusia, Extremadura, and the Community of Madrid, 9 of which have already obtained a favorable Environmental Impact Statement (EIS) from the Ministry for the Ecological Transition and the Demographic Challenge. Key to obtaining these permits – the main authorization required to develop renewable projects – has been the company’s commitment to sustainability and integration in the territory of each of the installations, optimizing and reducing to the maximum the surface area used thanks to state-of-the-art panels that maximize the installation’s efficiency and minimize land take.
Carlos Barrasa, Director of Commercial & Clean Energies at Cepsa, said “We are making progress on developing this renewable portfolio, with the aim of decarbonizing our business and offering our customers different solutions in order to drive sustainability in industry, transportation and mobility. The development of these photovoltaic energy projects will be integrated within the territory from a landscape, ecological, and social point of view.”
During construction, these projects will generate up to 3,000 jobs, reaching up to 5,000 during peak construction, and priority will be given to hiring local professionals and suppliers in each area.