Capital Energy and Copsesa sign a collaboration agreement to boost wind power development in Cantabria

Capital Energy, a Spanish energy company founded two decades ago and whose vocation is to become the first vertically integrated 100% renewable energy operator in the Iberian Peninsula, continues to take steps to consolidate the development of its clean energy project in Cantabria with local partners.

The company and the Cantabrian group Copsesa, a benchmark company in the construction sector with extensive experience and which has also participated in the start-up of wind farms, have signed a strategic collaboration agreement aimed at promoting the implementation of renewable energy generation projects in this autonomous community, according to the energy company in a press release.

This agreement opens the door to Copsesa's participation in the future construction of the wind farms that the renewable energy company is promoting in this community, without excluding that it will also do the same with clean energy facilities to be developed in other regions.

In this sense, Capital Energy points out that the collaboration agreement aims to take advantage of the synergies between both companies and the experience and added value provided by Copsesa, one of whose strengths is having its own fleet of machinery and professional team.

Diego Fabeiro, Director of Assets and Infrastructures of Capital Energy: "this agreement with Copsesa is part of our Sustainability Strategy, one of whose fundamental pillars is the socioeconomic and environmental development of the territories in which we carry out our activity through the promotion of the local industrial fabric and the generation of employment, in this case in Cantabria".

Fernando Garzo, Director of Strategy and Business Development at Copsesa: "the construction of renewable facilities is strategic for our company, as the way in which we align our business and environmental objectives is to continue building, which is our core business, while contributing to achieving carbon neutrality and environmental protection. We value this agreement with Capital Energy very positively, given that it is one of the benchmark companies in the renewable sector in Spain".

13 wind projects in Cantabria

Capital Energy has 13 renewable projects in the region, all of them wind projects with a combined installed capacity of more than 530 megawatts (MW). The construction of these 13 projects, according to the company, could represent an overall investment of more than 500 million euros, as well as the creation of more than 2,000 direct jobs during peak periods and a tax contribution of more than 9.4 million euros.

Capital Energy assures that, during the operation and maintenance of these facilities, it would provide stable and quality employment for more than 80 professionals and would generate an annual economic impact, via local taxes, of more than 1.3 million euros. It would also contribute close to 15 million euros to the GDP.

The locations of these facilities, in 19 municipalities, have been selected after a multi-criteria analysis of all the variables involved (environmental, technical, urban, patrimonial, social, etc.) and after an extensive bibliographic review of all the legislation and regulations in force.

1,400 gigawatt hours (GWh)

Capital Energy's project -according to the company's data- could generate more than 1,400 gigawatt hours (GWh) of clean electricity per year, equivalent to the energy consumption of more than 550,000 homes, and would avoid the emission of more than 520,000 tons of CO2 into the atmosphere.

Capital Energy has recently received its first favorable Environmental Impact Statement (EIS) in Cantabria, for the Bustatur wind farm, and hopes to become a driving force for regional development, reconciling two objectives: to contribute to the decarbonization of the economy, through the implementation of renewable energies, and to promote the economic and social growth of all the territories in which it operates.

Revitalization of the Cantabrian economy

In addition to the signing of this agreement with Copsesa, the energy group claims to be contracting the services of numerous local companies and entities, mainly consultants, such as Adra Ingeniería y Gestión del Medio, Ambium Consultores, BHS Consultores Ambientales, Universidad de Cantabria or Rizoma.

The company also has an office in Santander, "from where a dozen professionals from Cantabria deal with the implementation of clean energies in their region and which has the capacity to expand this staff as the processing of the projects progresses".

Finally, Capital Energy has joined the Sustainable Cantabria initiative, which promotes a model of democratized solutions in the community and seeks to generate ecosystems based on sustainable transformation, as well as the Regional Hydrogen Platform of Cantabria (PH2C) and the Cantabria Rural and Intelligent Territory Association.

About Capital Energy

Capital Energy currently has a portfolio of wind and solar projects in the Iberian Peninsula of around 30 gigawatts (GW) of power, of which more than 8 GW have already been granted grid access permits.

Capital Energy's strategic objective is to be present throughout the entire renewable generation value chain: from promotion, with a 20-year track record, to construction, production, storage, operation and supply. The company has 16 offices in Spain and Portugal, employing around 360 people.

About Copsesa

Copsesa is a family company with more than three decades of experience and more than 200 professionals. It specializes in building, road infrastructures, hydraulic projects, earthworks, wind farms, immologistica and urban architecture, and has a large fleet of its own machinery.

The company has engineering, solar panel installation, energy efficiency, agglomerates and maintenance divisions and collaborates in various R&D&I projects with leading research institutions. It provides a global service ranging from design to construction and maintenance of all its projects.

Copsesa is the first company in the construction sector in Cantabria to adhere to the United Nations Global Compact, assuming the objective of becoming a company with zero net emissions in 2040, a decade before the neutrality objective set by the European Union.