Capital Energy acquires wind turbines for its first wind farm in Asturias, Buseco, from Siemens Gamesa

• The renewable energy facility, located in the municipal districts of Tineo, Villayón and Valdes, will have an installed power of 50 megawatts (MW) and its development involves an investment of EUR51,000,000
• The ten wind turbines (model SG 5.0 - 132, each with a 5 MW unit potential) in the first Capital Energy wind farm in Asturias will be capable of supplying clean energy to some 54,000 homes and will prevent the emission of more than 51,600 tonnes of CO2 into the atmosphere per annum.
• The construction of Buseco will stimulate the creation of around 280 jobs and will have an annual financial impact on the regional and local coffers, and also through leasing agreements, of around EUR287,000

Oviedo, 2^nd March 2021. Capital Energy, a Spanish energy Company founded in 2002 with the vocation of becoming the first vertically-integrated 100%-renewable energy operator on the Iberian Peninsula, continues to move forward to ensure the development of its clean energy project with the acquisition of wind turbines on its first wind farm in the Principality of Asturias: Buseco.

The Company has just signed a purchase contract with Siemens Gamesa for ten wind turbines for this renewable energy farm. The model is SG 5.0 – 132 and they will each have 5 megawatts (MW) of unit potential. These wind turbines, the most powerful installed to date in Asturias, measure 132 metres in diameter and have an axle box height of 84 metres.

It should be noted that a significant part of the wind turbines will be built in several factories that this supplier has across Spain: the 10 nacelles will be assembled in the Ágreda plant (Soria), the multipliers will be produced in factories in Asteasu (Guipúzcoa), Lerma (Burgos) and the city of Burgos, and electrical components in the factories of Reinosa (Cantabria), San Fernando de Henares (Madrid) and Benisanó (Valencia).

Meanwhile, Capital Energy and Siemens Gamesa have signed a post-sale agreement for the monitoring and preventive and corrective maintenance of these turbines for a period of 20 years. This is extendable by another 5 years.

Having signed the deal, Juan José Sánchez, CEO of Capital Energy Business, said that, "It is greatly satisfying for us to be able to seal such a significant contract with one of the world’s most important suppliers of wind turbines. This contract with Siemens Gamesa, that I am sure is the first of many, represents a new milestone in the fulfilment of our business plan to promote a Fair and Green Transition.”

Roberto Sabalza, CEO of Onshore for the Southern Europe and Africa regions for Siemens Gamesa said that, “This contract that we are announcing today is especially important for us because it is the first that we are signing with our new client, Capital Energy, which is, without a doubt, one of the most active and promising players in the wind industry in Spain. I am convinced that we will come to many more agreements and that, together, we will contribute greatly to advances in renewable energy progress in Spain.”

The renewable energy facility, located in the Principality of Asturias, will have an installed power of 50 megawatts (MW) and its development, which has already begun, involves an investment of EUR51,000,000.

The ten wind turbines in the Buseco wind farm will be capable of supplying 129,000 megawatt hours (MWh) of clean energy, equivalent to the consumption of around 54,000 homes in the region, thus preventing the annual emission of more than 51,600 tonnes of CO2 into the atmosphere.

This Capital Energy wind farm, whose opening is anticipated to take place in mid-2022, will stimulate the creation of more than 280 direct jobs during the peak periods of its construction. In the operation and maintenance phase it will also give permanent jobs to ten professionals from the area.

Moreover, the plant will have an annual economic impact on the local coffers (mainly property tax and trade tax), as well as from lease agreements, of more than EUR287,000. EUR1,140,000, which is the one-off payment for the tax on construction, installations and building works (ICIO), and EUR251,000 in easements can be added to this recurring sum.

More than 30 renewable energy projects in Asturias

From its offices in Oviedo, Capital Energy is developing 31 renewable energy projects, totalling 1,200 MW of installed power, in the Principality of Asturias. More than half of them are located in places falling within the framework of the so-called areas of influence of the Fair Transition agreements, which are being particularly affected by the closure of several thermal power plants. As a complement to the wind farms, the Company is deeply committed to developing connected projects that can be integrated based on energy storage and green hydrogen production.

The construction, start up and subsequent operation of this portfolio could create around 6,400 jobs annually in the construction phase and around 230 jobs in the generation phase, along with potential income for the municipal and regional coffers of more than EUR40,000,000 during the execution of works and more than EUR6,000,000 per annum during the service life of the facilities. Furthermore, the start of the operation of these projects will prevent the emission of 1,300,000 tonnes of CO2 and make it possible to supply 35% of the current electricity consumption in Asturias.