00:00The China Three Gorges Corporation or CTG is one of the biggest energy companies on the planet.
00:07It has helped boost China's annual renewable capacity to the largest in the world.
00:13Now CTG is increasing investment in Europe too.
00:18The last operation carried out by CTG Europe in Spain is a solar portfolio named Refraction,
00:26a PV plant with nearly 500 megawatts in the region of Maceo.
00:34That's the biggest solar plant in the country, part of over a billion US dollars the company has spent in Spain.
00:41CTG received an award for its commitment to decarbonization and new energy cooperation,
00:47presented by Catedra China, a Spanish organization promoting China-Spain cooperation.
00:54We'd like to thank Catedra China for this recognition.
01:00China Three Gorges Europe is a good example of a company where there are many co-workers
01:09from Spain, China and other countries working together smoothly.
01:13And CTG is formally committed to the EU energy transition.
01:19Spain's ambassador to China, Marta Bethansos Roig, was also in Madrid at the ceremony.
01:26Solar, wind, offshore, inshore, it's like getting into science fiction.
01:33We are very much engaged in this kind of new approach to a sustainable economy.
01:40I believe that both China and Spain can be very complementary.
01:45Spain is positioning itself as a connector country between China and Europe.
01:51After Prime Minister Pedro Sanchez's official visit to Beijing last year,
01:55Spain then abstained on the European Union vote on tariffs on Chinese electric vehicles.
02:02Now China is investing heavily in Spain's goal to become a green energy leader.
02:08That includes Chinese electric car battery maker CATL's 4 billion plus US dollar investment
02:15in a gigafactory in Zaragoza.
02:18And the High Green and Envision Group sign off on over 3 billion dollars worth of green hydrogen projects.
02:25So as China helps accelerate Europe's green transformation, Spain is fast emerging as a preferred partner.
02:33Ken Brown, CGTN, Madrid.
