GE Renewable Energy announced an agreement with Copenhagen Infrastructure Partners (CIP) to provide its technology and services capabilities to power the Monegros onshore wind portfolio in Aragon. The project, which consists of nine wind farms distributed within two clusters, is the first between the two companies and will benefit from GE Renewable Energy’s local capabilities in operations, manufacturing, services and digital monitoring.
The first phase, totaling 113 MW will be powered by 30 GE 3 MW onshore wind turbines, with a hub height of 85 meters and a rotor diameter of 130 meters. The 60 GE 3.8 and 3.4 turbines will be produced at GE’s Renewable Energy site in Salzbergen, Germany; while the blades will be manufactured in Spain at GE’s LM Wind Power sites in Castellon and Ponferrada.
Peter Wells, Onshore Wind CEO for Europe and SSA at GE Renewable Energy said, “we are thrilled to be working with CIP on our first project together and to install some of GE’s most powerful wind technology at Monegros. Spain continues to be a fundamental hub for innovation and growth for GE Renewable Energy, and our extensive local capabilities will allow us to continue powering Aragon and Spain with reliable clean energy for many years to come.”
Christian Skakkebæk, Senior Partner at CIP said, “with the acquisition of the Monegros portfolio, we are very excited to announce our entry to the Spanish onshore wind market. The close cooperation with GE Renewable Energy has been a key element in this achievement and we look forward to a productive partnership, which will deliver reliable, low cost and clean wind energy to the Spanish consumers.”
GE Renewable Energy will also provide a 20-year Full Service Agreement offering expert recommendations and advanced field services. Field Technical Teams will be deployed from Zaragoza, while major components repair and flow parts supply will be managed by GE Renewable Energy’s Repair and Refurbishment Centre of Excellence in Noblejas, in the province of Toledo. All turbines will be monitored from Barcelona at GE Renewable Energy’s Remote Operations Center (ROC), offering predictive and data-driven insights.
Installation of the turbines has already commenced at the nine new parks, which derive from the renewable energy auction awarded by the Spanish Ministry of Energy in May 2017, and have been declared investments of regional interest by the Government of Aragon. The power generated at Monegros is expected to cover the electricity consumption of more than 300,000 average Spanish households a year.
About GE Renewable Energy
GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on www.linkedin.com/company/gerenewableenergy, or on www.twitter.com/GErenewables
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 90 employees. CIP and its projects have offices in Copenhagen, the US, the UK, Germany, and Taiwan.
CIP manages five funds and has EUR ~7.5bn under management. CI I and CI A have PensionDanmark as founding- and sole investor, while CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi- lateral organizations e.g. EIB. The most recent fund, CI NMF I, reached its first close in May 2019 with USD 0.7bn in commitments from four cornerstone investors.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.
