Equitix has formed a 50/50 strategic partnership with the New South Wales Treasury Corp. (TCorp) to jointly fund a project pipeline and grow Equitix’s portfolio of hybrid renewable-energy assets in Spain.
The portfolio, acquired by Equitix in 2024, consists of 200 megawatts of operational assets and assets under construction, along with an additional 150 megawatts in development. TCorp and Equitix are targeting 1.4 gigawatts of generational capacity by 2030 and have exclusivity over a 1-gigawatt pipeline throughout Spain.
The term “hybridization” refers to the integration of multiple renewable-energy sources to create a more reliable, efficient and sustainable generation system. The complementary energy-generation profiles of wind, solar and battery storage provide a supply of energy with baseload characteristics, maximizing grid usage and protecting returns while improving grid resilience by reducing intermittency. Hybridized assets have other benefits, such as
