The project comprises 89 wind turbines, with a capacity of 335 megawatts, all located in the Zaragoza province
The Delta wind project keeps up the investment euphoria in renewable energies in Aragon
The business of renewable energies in Aragon maintains its steady growth with Pontegadea Inversiones acquiring 49% of Repsol’s Delta Wind Park, which operates 89 wind turbines in the region.
Repsol has reached an agreement with one of the main private investment groups in the world – the fund that manages the personal fortune of Zara owner Amancio Ortega – to partner in the Delta wind project, made up of eight wind farms located in the province of Zaragoza. Its 89 wind turbines, all of them fully operational since last March, add up to 335 megawatts (MW) of installed power, .
Under the agreement, Pontegadea invests 245 million euros to take a 49% stake in Delta, which means valuing these assets at 500 million, that is, 5.6 million for each windmill. This operation is Pontgadea’s first foray in the renewable energy sector, following in the footsteps of other great fortunes and multinationals that have been seduced by the green energies of Aragon, such as Amazon.
The parks are located in the surroundings of the Zaragoza towns of Villar de los Navarros (in the county of Campo de Daroca), where 236 MW are located; and Fuentes de Ebro (Ribera Baja de Ebro), with almost 100 MW.
These facilities began operating in tests a year ago. Construction involved the investment of 300 million euros, and works were completed in less than 12 months with tips of up to 600 workers involved. Delta will produce 992 gigawatt hours (GWh) of energy per year, equivalent to the average annual consumption of 300,000 homes, preventing the emission of one million tons of CO2 into the atmosphere per year.
Thanks to its favorable wind conditions and orographic features, Aragon has become one of the epicenters in the deployment of wind farms in Spain.