Iberdrola has decided to complete the process of phasing out all its coal-fired power generation capacity worldwide. The technology represents 1.8% of the group's total installed capacity of 48,062 MW and 1.5% of its electricity production for the first nine months of the year (1,596 GWh out of 102,494 GWh).
Energy Finance & Investment News in Spain
Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017, revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%.
SUSI Energy Efficiency Fund has closed its second transaction in the Spanish market financing a public energy efficient lighting agreement signed between the Spanish energy service company Rubatec and the municipality of Calafell, near Barcelona (Spain).
Cubico Sustainable Investments Limited has announced that it has acquired two operational Concentrated Solar Power plants in Granada, Spain, totalling 99.8MW.
Spanish Ministry of Energy, Tourism and the Digital Agenda has announced the allocation of 5,037 MW of capacity in its renewable energy auction. Spain has awarded 3,909MW of solar PV capacity and 1,128MW of wind capacity to 40 companies.
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
Elecnor has signed and implemented financial contracts with Bankia to finance €11.95 million, which will be invested in the Malpica de Bergantiños wind farm in La Coruña.
Spain’s National Commission for Markets and Competition (CNMC) has officially given green light to Germany-based PV company Juwi to develop a 450 MW PV project in southern Spain.
The government of Spain has announced a new 3-GW renewable energy auction, inspired by the success of last auction round.
The Forestalia Group, through the Sociedad Aragonesa Transeuropea de Energías Renovables, has been awarded a contract by Spain’s Ministry of Energy, Tourism and Digital Agenda to develop a 1,200 MW wind farm in Aragón.
Enel, acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España (EGPE), has been awarded 540 MW of wind power capacity in Spain, following the tender for 3,000 MW of renewable energies.
The government of Guipuzkoa, Basque country (Spain) and Urbaser-Meridiam consortium have signed the Zubieta waste-to-energy plant PPP.
Cerberus Capital Management, through its Spanish affiliate Renovalia Energy Group, S.L, has successfully achieved €130 million (US$138.2 million) refinancing of a portfolio comprising four Spanish wind parks.
RIVE Private Investment, founded by 123Investment Managers Group and Elyseum Investment, has announced the acquisition of the wind farms Sierra de Aguas and Sierra de Baños, located in Andalusia, Spain.
The SUSI Energy Efficiency Fund (SEEF) successfully closed its first transaction in the Spanish market.
Celeo Concesiones e Inversiones, S.L.U., which is wholly owned by leading Spanish infrastructure and energy group Grupo Elecnor S.A., has refinanced a solar PV portfolio in Spain.
Energy fund Platina Partners LLP has restructured its Anemoi Cantillana photovoltaic plant, located in Seville (Spain), via a loan from Unicredit (London branch).
Spain's Ministry of Industry, Energy and Tourism has opened a public consultation for a proposal for 3GW auction for new renewable energy capacity in the country.
The government of Guipuzkoa, Basque country (Spain), has selected Urbaser-Meridiam consortium as preferred bidder for the the Zubieta waste-to-energy plant PPP. The Waste Consortium of Gipuzkoa assembly has approved the decision with 87% of the votes.