2025 Universal Registration Document

Energy Solutions

LARGE EPC PROJECTS

Cobra IS delivers large turnkey projects, handling all phases from engineering to construction, operation and maintenance, mainly in the energy sector.

In Spain, Cobra IS completed construction of several photovoltaic (PV) projects – the Balbona plant (146 MW) and six plants for Galp (340 MW) – and launched construction of auxiliary systems and equipment for three plants near Zaragoza (133 MW). It also continued to build the Salto de Chira pumped-storage hydroelectric plant, which will boost the share of renewables in the Canary Islands’ energy mix to 37%.

Elsewhere in Europe, the consortium formed by Cobra IS and its partner Elecnor won a €1.77 billion contract to electrify 870 km of railway for the Rail Baltica project. The railway, connecting Estonia, Latvia and Lithuania to the rest of the European network, will pioneer the large-scale use of static frequency converter technology to enhance the network’s reliability and efficiency. In Brunsbüttel (Germany), Cobra IS is assembling two storage facilities holding 165,000 cu. metres each, to serve a liquefied natural gas regasification terminal. In Belgium, it is finalising the construction of the Luminus combined-cycle power plant (870 MW). In Ireland, Cobra IS has begun assembling the metallic structures and turbine for the Poolbeg open-cycle power plant (299 MW). In Denmark, it has advanced the detailed design of the MEICA (mechanical, electrical, instrumentation, control and automation) systems and the control centre for the Fehmarnbelt Fixed Link, which will connect Denmark to Germany. In the offshore wind sector, Dragados Offshore transferred and installed the topsides and jacket for the BorWin5 high-voltage direct current (HVDC) converter platform (900 MW), in the North Sea. The platform will convert the alter-nating current generated by the wind turbines to direct current before it is transferred to an onshore station and converted back to supply electricity to 1.1 million German households. Dragados Offshore also continued the construction and assembly of modules for the BorWin4 (900 MW) and DolWin4 (900 MW) HVDC platforms and began the fabrication of blocks for the LanWin2 and BalWin1 HVDC plat-forms (2 GW each).

In the Americas, Cobra IS completed the construction and commissioning of the Coastal solar PV plant in the Dominican Republic (110 MW), which will generate 215 GWh of renewable energy, thereby reducing CO2 emissions by 110,000 tonnes, and handed over the 15 de Septiembre solar PV plant (21 MWp) in El Salvador. In Panama, it began commer-cial operation of the Chiriquí solar PV plant (40 MW), which will generate 60 GWh of renewable energy, avoiding 19,000 tonnes of CO2 emissions.

In transmission projects, Cobra IS commissioned the La Niña-Piura Nueva line in Peru (114 km), and continued construction on three works packages for transmission lines and substations in the states of Minas Gerais, Bahia and Rio de Janeiro in Brazil. Lastly, it will be responsible for the engineering, procurement and construction of seven transmission lines for Engie Brasil, totalling 738 km and connecting the states of Minas Gerais, Paraná and Santa Catarina. These new lines will strengthen the capacity of Brazil’s electricity networks, which are under strain due to the rapid growth of renewable energies.

In Asia, Cobra IS continued the engineering work for a refinery and several processing units of a petrochemical complex in India, as well as for a refinery in Mongolia. In Uzbekistan, it completed the commissioning of gas turbines for the Talimarjan combined-cycle power plant (1,000 MW). The construction and commissioning of the steam turbines and plant are scheduled for the first half of 2026.