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Andersen advises Repsol on the signing of a joint venture with Krean group

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Andersen in Spain has advised Repsol on the signing of a joint venture with Krean Group to promote citizen cooperatives for renewable generation.

Andersen's Energy Team has advised Repsol, a global multi-energy company leading the energy transition, in the constitution of Ekiluz, a Joint Venture created with the Krean Group, experts in structuring renewable projects, to promote citizen cooperatives for renewable energy generation.

The aim of this initiative is to set up a series of local non-profit consumer cooperatives that allow consumer cooperative members to own their generation source and have an effective participation in its management, thus transforming the relationship between consumers and energy.

In this way, cooperative members will be able to take advantage of the savings associated with this type of facility and generate a volume of energy equivalent to their entire annual electricity consumption.

Ekiluz will also enable rural areas to organise themselves and gain access to collective facilities, thus contributing to their socio-economic development.To this end, large-scale energy infrastructures will be used, with photovoltaic parks of between 1MW and 5 MW of power to generate local energy (kilometre 0).

Andersen's energy team, with Ignacio Blanco leading the operation, has accompanied Repsol throughout the process of setting up the Joint Venture that will lead the creation of local energy communities in Spain.

Read the full article in El Periódico de la Energía

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