Audax Renovables S.A. has announced that it has signed a power purchase agreement (PPA) with WElink Investment Holdings for photovoltaic solar installations developed by WElink Group in Spain and Portugal, with a total installed capacity of up to 708 MW.
Energy Finance & Investment News in Spain
Spanish oil and gas company Cepsa has announced that it has signed a Partnership Agreement with Abu Dhabi Future Energy Company (Masdar) to grow the renewables portfolios of both companies in Spain and Portugal.
Greenalia S.A. has announced that it has formalised a project financing agreement for the Eolo Project, which involves the development of eight wind farms totaling up to 185 MW in Galicia, a region of north-west Spain.
BayWa AG has announced that its renewables subsidiary, BayWa r.e. renewable energy GmbH, has sold the Don Rodrigo solar park, located in southern Spain, to a client of MEAG, the asset manager of Munich Re and ERGO.
Spanish green energy company Holaluz has announced that it has signed a three-year power purchase agreement (PPA) with developer EDF Solar for 120 MW of solar power to be installed across Spain and Portugal.
REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.
Senvion has signed an agreement which includes the delivery of turbines for up to 300 MW projects in Spain with Alfanar, which received the largest wind allotment of 720 MW.
Senvion has announced that it has signed an agreement which includes the delivery of turbines for up to 300 MW projects in Spain. The project are being developed by Alfanar, which was allocated 720 MW in a renewable energy auction held in July 2017.
The European Investment Bank (EIB) has disclosed that Alfanar Company, an industrial manufacturing and construction group based in Saudi Arabia, is seeking a EUR385 million (US$449.5 million) loan for a 547 MW wind project in Spain, with a total estimated investment of EUR643 million (US$750.8 million).
Sonnedix has announced the close of non-recourse refinancing of a portfolio of 12 photovoltaic plants in Spain with a total installed capacity of 30.4MWp at a total value of EUR140 million (US$162.5 million).
Enel Green Power has announced plans to build new solar photovoltaic plants and wind farms with a total installed capacity of more than 320 MW in Spain. This will require an investment of EUR280 million (US$329.3 million).
Forestalia Renovables has secured financing for its Goya wind project, which involves the construction and operation of nine wind plants with a total capacity of 300 MW located in Aragón, a region in the north-east of Spain.
Greenalia has announced the European Investment Bank has approved a senior loan up to EUR60 million (US$ 74million) for a 50 MW biomass power project that it is developing in Spain.
BayWa r.e. has secured a long-term Power Purchase Agreement (PPA) for the Don Rodrigo solar plant, located in Andalusia in the south of Spain, enabling the developer to proceed with the construction of the plant. This advances the development of one of the first solar projects of this size in Europe without any subsidies.
ACCIONA has reached an agreement to sell its five solar thermal plants in Spain (with a combined capacity of 250MW) to ContourGlobal plc.
Following public disclosure of its 2017 earnings, Iberdola has announced plans to invest EUR32 billion (US$39.4 billion) over the period between 2018-2022. More than 90% of total amount will be allocated to regulated activities or long-term contracts, in line with the group's strategy of investing in businesses with stable and predictable returns.
ContourGlobal Plc has confirmed that it is negotiating with Spanish engineering and renewable energy company Acciona the acquisition of five concentrated solar power (CSP) plants in Spain.
Enel, acting through its Spanish subsidiary Endesa’s local renewable energies company Enel Green Power España (EGPE), has signed an agreement to acquire 100% of Parques Eolicos Gestinver, owner of five wind farms in Spain with a total 132 MW capacity.
TerraForm Power, Inc. has announced that it has launched a voluntary tender offer to acquire 100% of the outstanding shares of Saeta Yield, S.A., a leading, publicly-listed European owner and operator of wind and solar assets, located primarily in Spain.
The European Commission yesterday approved an unprecedented grant of EUR578 million (US$718.5 million) to the Biscay Gulf France-Spain interconnection project. The grant will fund the construction of a 370km electricity transmission line between Gatika, around 20km north of Bilbao, in the north-east of Spain, and Cubnezais, around 40km north of Bordeaux, in the south-west of France.