Luis Cid, CEO of Opdenergy was interviewed in ‘Energía’ magazine of El Economista

28/11/2019

 

 

 

  • We want to have between 1,000 and 2,000 MW of our own power generation in the next 5 years
  • We have about 6,000 MW in development that will be fully operational in five years

 

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Luis Cid, CEO of Opdenergy was interviewed in ‘Energía’ magazine of El Economista

 

 

 

 

 

 

 

 

Luis Cid, CEO of Opdenergy, explains in the following interview the company’s Strategic Plan for the next five years, whose objectives include having more than 1,000 megawatts of generation of their own and trying to reach 2,000 megawatts….

How much power have you developed to date, and what goals have you set for the next five years?

Until 2018 the company has developed and built 250 megawatts. In 2019, we started the construction of 500 megawatts, of which 300 megawatts we hope to connect before the end of the year. Next year we plan to start building at least another 500 megawatts. In total, we have about 6,000 megawatts under development, which we will try to have ready in these five years.

Of all the projects in your portfolio, which ones will be developed in Spain?

In Spain we have more than 3,000 megawatts under development with connection granted, of which 2,500 megawatts are photovoltaic and 500 megawatts are wind. Of these, the idea is to keep a part of them as generating assets and look for financial partners for the remaining power, but we do not know yet in what proportion.

On the other hand, of the 300 megawatts that we want connected by the end of this year, 150 megawatts correspond to three Spanish projects from the 2017 auction. Each of them has a total power of 50 megawatts and are located in Merida (Extremadura), Alcala de Guadaira (Seville) and Puerto Real (Cadiz). One is already connected and the other two are finished. Of these three projects we sold 80 percent to the Marguerite fund and we kept 20 percent of the assets. The plants will sell electricity under a long-term 10-year PPA contract signed with Centrica.