Forestalia, in cooperation with other entities, is refinancing the Joya project, a 194 MW wind energy portfolio.

he joya project, Wallet from 194 MW of wind projects in Aragonwas successfully refinanced by shareholders and leaders in the renewable energy industry: Mirova (a subsidiary of Natixis Investment Managers dedicated to sustainable investments), GE, ENGIE And Forestalia.

Commitment to the energy transition

The portfolio consists of: Seven wind farms Which use GE Vernova wind turbine technology, all have been in operation for more than three years and are located in Aguilon, Azuara, Herrera de los Navarros and Fuendetodos (Zaragoza Province). On the operational side, GE Vernova is responsible for the O&M contract for the turbines Forestalia is responsible for asset management.

It’s about A unique and symbolic portfolio in the Spanish market for being the first renewable project in Spain built without subsidies And the first to sign the Corporate Power Purchase Agreement (PPA), which was agreed with ENGIE for a period of 13 years. On the other hand, it is part of the first assets awarded in the 2016 auction, the first after the renewed endowment in Spain.

The project is strongly committed to the energy transition Towards a carbon neutral economy. In 2022, the project avoided the emission of 120,762 tons of carbon dioxide and produced energy equivalent to 40,936 tons of oil. Furthermore, the operation and maintenance of the plants has a significant local component.

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