Spanish multibillionaire Amancio Ortega, founder of Zara, has entered the renewable energy sector.
The 85-year-old businessman, who made his fortune with his clothing empire Inditex, invested "245 million euros" via his company Pontegadea in the wind farm, called Delta, and located in the north of France. 'Spain in the region of Zaragoza (Aragon), indicates the oil group Repsol in its press release Thursday.
This investment allows it to own 49% of this wind farm, valued at 500 million euros.
This park, which entered service in March, has a capacity of 992 gigawatts / hour, the equivalent of the "annual consumption of 300,000 homes," the statement said.
According to the oil group, “this is Pontegadea's first investment” in the “renewable energy sector”.
Zero net carbon emissions by 2050
This will "allow us to accelerate our growth" in this sector, "with the objective of being a company with net zero emissions" of carbon "by 2050", insists Repsol. Amancio Ortega's fortune is estimated at 67 billion euros by the American magazine
Forbes
, which makes him one of the richest men in the world. Over the years, it has developed a veritable financial empire, having as its backbone the ready-to-wear group Inditex, owner of Zara.
It also has a large real estate portfolio, worth 14 billion euros, according to the latest data communicated by Pontegadea.
Included in this portfolio are Amazon's headquarters in Seattle, the Torre Picasso in Madrid, and numerous buildings in Paris, New York, London and Barcelona.
In 2019, Pontegadea also entered the conventional energy sector, taking a stake of 281 million euros in the gas transport company Enagas, then a 5% stake in the electricity transport company. Red Eléctrica Española (REE).
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