Clir Renewables announces its entry into the Spanish market as renewable energy investment continues to soar across the Iberian Peninsula.
Vancouver, 5 July 2022 – Clir Renewables, the market intelligence platform for wind and solar, has been selected to provide its services to two onshore wind farms in Spain. With long-term ambitions in Europe’s leading renewable energy market, this appointment marks Clir’s entry into Spain where the company seeks to maximize clients’ financial returns by leveraging its 200 GW of data, advanced AI and decades of technical expertise.
A leader in European wind energy production, Spain announced its intention to generate 74 percent of its electricity from renewable sources by 2030. Second only to Germany in Europe, in 2021 Spain had 1,265 wind farms and a wind power capacity of 28.1 GW. The country plans to develop 39 GW solar PV, 50 GW onshore wind, 3 GW of floating offshore wind, and 40-60 MW of various types of marine energy by 2030, making Spain an absolute front runner in the green energy transition and an attractive market for developers.
With a total capacity nearing 90 MW, Clir was appointed by a Spanish wind farm asset manager looking to digitize the way they work with the data they receive from their farms. In doing so, they can gain a better oversight of project operational performance to identify faults early, mitigate asset risk and increase production for an improved return on investment.
With Clir, the asset manager will assess the two wind farms’ performance on a per turbine and project basis, gaining insight for optimal asset operation.
Clir’s presence in the Spanish market will ensure the company is able to provide its full suite of solutions to customers across the Iberian Peninsula from market insights to its recently launched Clir M&A and Clir Risk offerings. Using the world’s largest dataset from 200 GW of installed assets, Clir Market Insights delivers benchmarking of assets against the industry. The insights enable identification of financial and technical optimization opportunities.
Of the development, Paula Bellsolá, Clir Renewables’ Head of Iberia said “We are thrilled to be entering the Spanish market through our recent appointment. Our ability to easily and quickly review data to identify instances of underperformance and early signs of faults will be crucial in supporting key asset owners and developers across the Iberian Peninsula as they strive to reach their countries’ commitments to carbon neutrality by 2050.”
Clir looks to build on its recent progress in Spain at the upcoming Wind Asset Management conference in Madrid from the 6th – 7th of July where Director David O’Hare joins a panel to address key-decision makers from European governments, investors and financiers, OEMs and asset managers seeking to unite the European wind value chain.