UK-based Equitix has formed a 50/50 partnership with New South Wales Treasury Corporation (TCorp) in Spain. The joint venture aims to expand Equitix’s hybrid renewable energy platform. It targets 1.4 GW of capacity by 2030, with exclusivity over a 1 GW pipeline. The portfolio was bought in 2024 and has 200 MW of running or building projects and 150 MW being planned. It uses wind, solar, and batteries together to make electricity steadier and more reliable. Spain’s rules make it easier to develop and approve such projects. When finished, the platform could supply electricity to 900,000 homes. It also supports Spain’s 2030 goal to reach 81% renewable energy. Equitix got advice from Ashurst, EY, DNV and Baringa. TCorp was advised by Linklaters and KPMG on legal, tax and planning issues.