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    El Romeral Update – Solar Energy Project Completed & On Stream


    August 15, 2022 - Gulf Oil & Gas

     

      • The first solar energy project at the El Romeral power facility in Spain, Project Apollo, has been completed successfully and brought on stream • Peak capacity of 41.5 kWh will feed the plant’s ancillary services, reducing El Romeral’s gas consumption and allowing increased electricity sales by up to 66 MWh in year one

      Warrego Energy Limited (“Warrego” or the “Company”) is pleased to announce the successful completion and commissioning of Project Apollo, the first solar energy project at the El Romeral gas to power facility. Warrego holds a 50.1% working interest in El Romeral through the Joint Venture vehicle Tarba Energía S.L. (‘Tarba’).

      Project Apollo is designed to power a significant proportion of the ancillary services at the plant with renewable energy, thereby leading to reduced self-consumption and increased sales of electricity. An array of 83 photo-voltaic panels was installed in three separate zones on the power plant roof giving a total installed peak capacity of 41.5 kWh. Project Apollo is expected to generate 66 MWh in the first year and will result in increased sales of electricity for the same amount. The cost of installation was less than €50,000 which was financed from existing funds held by Tarba.

      Dennis Donald, Warrego Energy Managing Director and CEO, said: “Project Apollo, our first solar energy project at the El Romeral power facility, was successfully completed and commissioned on time and on budget.

      “By leveraging an existing asset to renewable energy, we are reducing our carbon footprint and increasing our revenue generation capacity.

      “This milestone marks the first phase of our renewable energy strategy for El Romeral. We are already working on the next phase, Project Helios, which has the potential to substantially increase our generating capacity, and enhance our conventional/renewable energy ratio, by adding a 5 MW solar farm to the El Romeral energy mix.”

      Project Helios is a proposed 5 MW solar farm on land adjacent to the El Romeral power facility. Front End Engineering and Design (“FEED”) studies for this renewable energy co-generation project are underway. Connection to the power grid at El Romeral is pre-existing and the grid network has ample capacity to export increased electricity output from Project Helios, subject to permitting.

      Authorised by the Board of Warrego Energy Limited and issued in accordance with the Company’s disclosure policy.

      The Joint Venture Partners in El Romeral are: Warrego Energy Limited (via subsidiaries) 50.1% Prospex Energy PLC (via subsidiaries) 49.9%

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