Repsol, Telefonica launch new residential, C&I solar JV in Spain

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Repsol and Telefonica’s alliance will have both companies offer services to clients entering the self-consumption solar market. Image: Repsol.

Spanish oil and gas major Repsol and telecommunications firm Telefonica have formed a joint venture (JV) to provide solar installs and energy services across different target markets in Spain.

The JV is to offer a “comprehensive” solar offering to home owners, communities and businesses in Spain, including the installation of solar PV and associated energy services.

The partnership of two of the biggest Spanish companies in their respective markets, will see Repsol provide its knowledge in energy and Telefonica will contribute with its distribution channels and capacity to combine different connected technologies.

By combining the knowledge and experience of both companies, the new entity will have specialists able to offer customer service both before and after the installation of solar panels.

It will provide customers with the installation design that is best suited to their needs or what are the best options in terms of self-consumption and a mobile app allowing the customer to control the install and optimise its energy use.

After passing a major milestone last year with its first PV solar farm in Spain, Repsol is continuing to diversify its energy offering with a portfolio of renewables projects. Last year, Repsol increased its renewables targets following strong business performance, with its latest figures aiming to reach 20GW by 2030.

Emilio Gayo, chairman of Telefonica España, said: “This is a strategic agreement between two leading companies that contribute their knowledge in two fundamental aspects to build a solid and innovative value proposition for both individuals and companies; on the one hand, connectivity, and on the other, the installation and management of solar photovoltaic panels to take advantage of solar power.”

15 June 2022
Consumers are turning to residential renewables in significant numbers, driven by a desire to be environmentally conscious and a wave of high power prices. But turning green requires easy-to-use and, above all, safe technologies that meet expectations. Huawei is committed to building efficient, safe, reliable and grid-supporting smart PV plants that also provide smart services to consumers, and its Residential Solution has been tailored to meet consumer demand. This webinar will demonstrate the full suite of technologies offered within the Huawei Residential Solution, including a smart energy controller, smart AC charger, and AI-powered energy storage solution, and detail how it can place power back in the consumer’s hands.

Read Next

May 26, 2022
Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.
May 24, 2022
Spanish renewables developer Grenergy is looking to expand its presence in Europe in five new markets in the wake of the continent's REPowerEU plan.
May 13, 2022
Retail giant IKEA has partnered with US residential solar installer SunPower to offer home PV solutions in the US.
PV Tech Premium
May 10, 2022
Erik Martinson, CEO at residential solar challenger Svea Solar, speaks to PV Tech Premium about how Europe’s energy crises and sustainability trends are lifting the home solar and energy storage markets.
May 6, 2022
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
May 6, 2022
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas