French energy giant TotalEnergies has acquired a 65% stake in the 59MW Campos del Río project in the Murcia region of Spain from Soltec, a solar projects developer.

Under the co-development agreement, Soltec will hold the remaining 35%. The collaboration allows both companies to further advance the energy transition in the region.

The solar plant will produce 118 gigawatt hours (GWh) per year, sufficient to meet the needs of 33,700 families.

It is expected to offset the emission of more than 31,800 tonnes of CO₂ per year.

Soltec CEO Raúl Morales stated: “We are proud to announce the sale of a 65% stake in Campos del Río project in Murcia to a partner such as TotalEnergies. This collaboration not only aligns with our commitment to advance sustainable energy solutions, but also highlights the strength and attractiveness of our assets under development.

“We are confident that our partnership with TotalEnergies will continue to progress and contribute significantly to the growth of clean energy production in the region of Murcia.”

TotalEnergies Spain renewables managing director Yago Mancebo stated: “Our company has made a firm commitment to promote renewable energy in a strategic region for us such as Murcia.

“We are very pleased to be able to strengthen our joint portfolio of projects with Soltec through this new agreement that allows us to demonstrate our capacity and solvency in promoting the energy transition.”

In 2022, TotalEnergies and Soltec secured a favourable Environmental Impact Statement (EIS) for six solar plants that they are jointly developing in the Murcia region.

These projects have a combined installed capacity of 352MW and will generate around 700GWh of electricity annually.

The plants will generate enough energy to meet the annual consumption demand of more than 200,000 homes while offsetting over five million tonnes of CO₂  emissions.