Orsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term. To support its Spanish ambitions, the company has established a team and office in Madrid. Ørsted’s new partners all have extensive experience in Greenfield development and together form a complementary geographic footprint. The short-term aim of the partnerships is to develop onshore wind and solar PV projects in Spain that allow Ørsted to participate in the upcoming Spanish grid auctions expected mid-2022 and put in bids for rights to develop a multi-GW pipeline solar and wind energy across Spain. The longer-term goal is to develop large-scale onshore wind, solar PV, and storage projects that can be commercialised through either government auctions or the growing market for corporate power purchase agreements.In 2021, Ørsted entered the European onshore market by acquiring Brookfield Renewable Ireland’s onshore wind platform, from which Ørsted is developing high-potential projects that will contribute to the Group’s growth ambitions of approx. 17.5 GW onshore renewable capacities by 2030. Building on its Irish & UK onshore platform and experience in evaluating European energy projects, Ørsted is now establishing an onshore business in Spain by entering four partnerships with Glide Energy, Rolwind, ARBA Energías Renovables, and Ereda, respectively, that will support project development and services.The Spanish government has set out to reach 70 % renewable generation by 2030 followed by 100 % renewable generation by 2050. 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.