Capital Energy and GE Renewable Energy sign a framework agreement to supply wind turbines up to 1,000 megawatts

• The collaboration agreement with the benchmark technologist, to equip the Capital Energy wind farms between 2021 and 2023, reinforces Capital Energy’s role as one of the most active wind farm operators on the Iberian Peninsula in coming years.
• The agreement also strengthens the commitment by both companies to the economic and social development of all areas where their projects are implemented, as the technologist has a significant industrial footprint in Spain.
• Capital Energy’s renewable installations portfolio is already at around 38 gigawatts in Spain and Portugal, of which over 8,500 MW have granted access permits to the grid.

Madrid, 16 March 2021.- Capital Energy, a Spanish power company that was incorporated in 2002 with the aim to become the first 100% vertically integrated renewable power supplier on the Iberian Peninsula, has just taken a significant step towards building its corporate project by signing its first framework agreement for the supply of wind turbines with one of the worldwide benchmark technologists: GE Renewable Energy.

Specifically, the company that won the latest renewable energy auction held in Spain, where it was awarded 620 megawatts (MW) of wind power, has signed a collaboration agreement with GE that contemplates the purchase of wind turbines of up to 1,000 MW to equip its wind farms in the next three years: from 2021 to 2023.

Within the Capital Energy and GE Renewable Energy commitment to economic and social development of all the areas where they implement their projects, the technologist also plans on producing a large part of the wind turbine components in the factories that it works with in Spain: both the blades, thanks to the two plants owned by LM Wind Power, a leading company in the sector and a subsidiary of the supplier, and other turbine parts, thanks to its Spanish chain of supply.

The agreement signed between both companies will continue to strengthen the pull effect on the local industry and, therefore, on national employment, held by these two major renewable energy corporate projects led by Capital Energy and GE Renewable Energy.

Jérôme Pécresse, president and CEO of GE Renewable Energy, stated that “we are very proud of the confidence that Capital Energy has placed in GE with this major collaboration agreement. In the next few months, we will be working on turning this collaboration into firm orders. Construction of new projects will help us to strengthen our industrial commitment to Spain and to its energy transition”.

 Juan José Sánchez, CEO of business of Capital Energy, has pointed out that “it is a satisfaction for us to be able to sign such a relevant agreement with one of the world's main suppliers of wind turbines. This agreement with GE Renewable Energy, which I am sure is just the first of many to come in the future, is a new milestone in the fulfilment of our business plan, with which we continue to promote an ecological and fair energy transition on the Iberian Peninsula”.