Shell and Green Tie Capital have signed a framework agreement to develop more than 2 GW of solar projects in Spain.
Shell entered the Spanish renewables market in 2018 and its project pipeline has since surpassed 1 GW, the spokesperson said. Its energy marketing and sales team has signed several solar power purchase agreements in Spain with companies such as Solaria.
Earlier this year, Shell bid for Q-Energy's 1 billion PV portfolio, which included 4.5 GW of projects under development and 80 MW of operational assets. Naturgy and Verbund also competed for the portfolio and the latter was the final winner.
“This new partnership expands our activities in Spain. It is a firm step toward the growth of the onshore energy business in southern Europe,” said Roberto Jiménez Chaves, Shell's general manager for onshore energy in Europe.
Seville-based Green Tie Capital has developed more than 3 GW of ground-mount projects in Spain.