Global Energy Services (GES) has taken an important step in its renewables activity by confirming the signing of Four new contracts to build photovoltaic solar plants in SpainThese contracts, awarded in the last part of the year, represent a combined investment of approximately 200 millones de euros and consolidate the company's shift towards solar energy in a context of slowing wind power.
The projects will be developed in Palencia, Teruel, Ciudad Real and Burgos and add up to an aggregate power of approximately 343 megawatts (MW) connected to the grid. With these installations, GES aims to strengthen its position in the Spanish photovoltaic market and bolster a portfolio that, according to internal forecasts, will gain ground against wind power in the coming years.
Four solar plants with an investment approaching 200 million
The new contracts amount to a total of 196,42 millones de euros, intended for the engineering, procurement, construction and commissioning of four photovoltaic solar plants. These projects, spread across Castile and León, Aragon and Castile-La Mancha, will add approximately four photovoltaic solar plants to the Spanish grid. 343,26 MW of power, contributing to the goal of increasing renewable energy generation in the country.
According to information provided by the company, the future photovoltaic installations They will be able to supply renewable electricity to more than 168.000 homesFurthermore, they will prevent the annual issuance of more than 192.000 tons of CO2This figure reinforces the role of these types of projects in reducing greenhouse gases and meeting European climate goals.
In these contracts, GES assumes a full scope that includes the technical design of the plants, the management of the supply of equipment and materialsThe execution of the works and the final commissioning phase. With this, the company maintains its focus as a comprehensive provider of EPC (engineering, procurement, and construction) solutions in the renewable energy sector.
The choice of locations in Palencia, Teruel, Ciudad Real and Burgos This is due both to the availability of solar resources and the existing evacuation capacity of the transmission and distribution network. These provinces have been consolidating their position in recent years as hubs for new large-scale photovoltaic plants in the central and northern parts of the Iberian Peninsula.
According to GES, the signing of these contracts comes at a time when Wind energy projects are progressing more slowly in Spain, which reinforces the company's commitment to photovoltaics as a way to maintain its growth rate and its volume of construction activity.
Photovoltaics is gaining ground in the business compared to wind power.
Over thirty years of experience in the wind energy sectorGES has traditionally been known for its activity in wind farms, both in Spain and in other international markets. However, the company made the leap to the construction of photovoltaic solar plants It was two decades ago, when it carried out its first project of this type in the national territory in 2004.
Since then, photovoltaics has gradually gained prominence in the company's portfolio, becoming a key pillar. Looking ahead to 2025GES anticipates that solar energy will account for approximately 70% of the revenue from its construction business unit, a significant shift from the period when wind power was clearly dominant.
The company frames this shift within its business diversification strategyDesigned to adapt to changes in the energy market and regulatory evolution. According to its CEO, José Luis GarcÃa Donoso, this approach is allowing them to maintain a path of sustained growth, offsetting the slowdown in wind power with greater dynamism in the solar segment and with the expansion into new markets outside of Spain.
GES highlights that the slowdown in the processing of wind energy projects in the country is creating a gap between planning and actual execution, which directly impacts the development of this technology. In this context, the agility of photovoltaic projects And its greater regulatory and investor visibility is making it easier for solar to take over as the main driver of revenue in the short and medium term.
This reorientation does not imply abandoning wind power, but rather balance the technology portfolio To reduce exposure to a single type of project, the company maintains a portfolio of wind farms that remains relevant, but is focusing its commercial and execution efforts on those segments that are showing more consistent growth.
New markets and a commitment to technologies like BESS
Beyond photovoltaics, GES has decided to strengthen its technological diversification to anticipate trends in the electricity sector. One of the areas where it has made the most progress in recent months is that of battery storage systems (BESS), increasingly necessary to integrate renewables into the grid with greater stability.
During this year the company has closed collaboration agreements with leading manufacturers for the maintenance and operation of BESS equipment, allowing it to expand its service offerings beyond the construction of power plants. It has also secured contracts for the hybridization with batteries of solar plants already operating in Spain, a business line with great growth potential in the country.
At the international level, GES emphasizes the implementation of its BOP BESS's biggest project to dateA 340 MW storage system with a 4-hour capacity in Chile. This project, focused on the civil and electrical works associated with the battery system, strengthens the company's position in the Latin American market and provides it with experience in large-scale storage solutions.
The company has also launched a new business unit specializing in the Engineering and construction of high voltage linesWith this decision, it seeks to anticipate the foreseeable increase in demand for energy evacuation and transport infrastructure, a key element to be able to continue connecting new renewable generation to the grid in Europe and other regions.
According to GES, the combination of solar projects, battery storage, and high-voltage networks creates a broader catalog of services, with which they aim to support developers and utilities in the entire life cycle of its renewable energy facilities, from design to operation.
Wind power, held back by bureaucratic procedures in Spain
Although the recent focus has shifted towards photovoltaics and other technologies, GES maintains a portfolio of more than 1 GW in wind projects in Spain. These parks are ready to enter more advanced stages of development as soon as the necessary steps are completed. pending administrative milestoneswhich have become one of the main bottlenecks in the sector.
Carlos Charray, the company's recruitment director, warns that the slowness in the processing and resolution of appeals The lack of action by government agencies is delaying the implementation of numerous wind energy projects. This situation, it notes, not only introduces significant uncertainty for developers but also jeopardizes the country's ability to deploy its full planned wind power capacity.
The company emphasizes that, if these measures are not adopted measures to expedite authorizations and proceduresSpain could have difficulties achieving the goals set in the National Integrated Energy and Climate Plan (PNIEC)The slowdown in administrative decisions translates into a delay in investments and a less predictable construction schedule, making industrial and financial planning more difficult.
Given this scenario, GES's strategy involves maintaining its presence in the wind energy sector, but diversifying risks towards sectors where execution is more stable. Hence the importance of the new solar contracts and the boost to storagewhich allow the company to offset the impact of wind delays and sustain its business volume.
At the same time, the company insists on the need for greater institutional coordination and clearer and more agile regulatory frameworks, that contribute to giving long-term visibility to all agents involved in the energy transition, from developers to service providers and manufacturers.
Three decades of experience and international expansion
Throughout its history, GES has accumulated a significant experience in the construction of renewable energy projects both in Spain and in other markets. According to publicly available data, the company has participated in the installation of approximately 15,2 gigawatts (GW) of wind power and over 3,1 GW in photovoltaic plants spread across different regions.
These projects have been developed not only in the domestic market, but also in some twenty countries in the EMEA region, which covers Europe, the Middle East and Africaas well as in several South American countries. This international presence has allowed GES to adapt to diverse regulatory frameworks and varied technical and environmental conditions.
The company emphasizes that this base of completed projects gives it a relevant learning curve to handle new large-scale installations, both in solar and wind power and storage. The combination of in-house engineering, field team, and supply management capabilities is one of the elements that GES highlights as differentiating it from other players in the sector.
With the addition of the four new solar contracts in Spain, the company strengthens your position in a market it considers strategic, while keeping the door open to continue growing in other European and Latin American countries where it is already present or where it is studying new opportunities.
The signing of these agreements for nearly 200 million euros, the strengthening of the photovoltaic business, and the commitment to technologies such as BESS and high-voltage lines demonstrate that GES is reconfiguring its model to adapt to the new energy landscape, relying on its accumulated experience and a diversification that seeks to balance the weight of each technology and market in its profit and loss account.
