Wind energy is set to be one of Gas Natural Fenosa's growth areas over the coming years. The company aims to double its installed power in Spain and to extend its activity to other countries in the Mediterranean and Latin America. Gas Natural Fenosa Renovables, an affiliate created in 2010, is the hub of the company's "green" energy generation business.
Wind energy is one of Gas Natural Fenosa's levers of growth and is included in the Strategic Plan for 2010-2014. The company, which in Spain has more than 25 wind farms and around 900 megawatts installed, will significantly increase its installed power over the coming years and will develop this technology in other countries where it is currently operating.
In 2010, the company created Gas Natural Fenosa Renovables (GNFR), a firm which incorporates all the green energy generation businesses. GNFR works together with different industrial partners to participate in tenders for new power sources called in Spain. The company bases its proposals on value creation, development of the local industrial fabric, job creation and investment in R&D&i.
In recent months, Gas Natural Fenosa Renovables has installed close to 970 MW in Catalonia, Galicia, the Canary Islands and Aragon.
On the international stage, the company aims to develop around 300 megawatts by 2014.
Gas Natural Fenosa participates, alongside other companies and organisations, in the ZEFIR Test Station project sponsored by the Institut de Recerca en Energia de Catalunya (IREC). The aim of this initiative is to develop an international R&D plant for deepwater offshore wind farm trials.
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