EnergyWatch

Total buys big slice of Spain's solar market

With the launch of a joint venture as well as a newly acquired project portfolio, the oil company enters Spain's solar power market with a pipeline of almost 2 GW.

Photo: PIERRE-OLIVIER / Capa Pictures / Total

Spain is the next target for the French oil and gas supermajor's solar energy efforts. Through its subsidiary Total Solar, the company is establishing itself in the Spanish market, partially via a joint venture with developer Powertis but also with a full project portfolio purchased from another developer, Solarbay. Combined, the French oil outfit's initial head start consists of 2 GW, Total informs in a press release.

Powertis was founded in late 2918 by Pablo Otin – who previously worked on installing and operating wind farms on behalf of players such as Gamesa Energia and BP Alternative Energy – and Raul Morales from the Spanish manufacturer of double-sided solar trackers, Soltec.

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