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$329.3 million).
Energy Finance & Investment News in Spain
Forestalia Renovables has secured financing for its Goya wind project, which involves the construction and operation of nine wind plants with a total capacity of 300 MW located in Aragón, a region in the north-east of Spain.
Greenalia has announced the European Investment Bank has approved a senior loan up to EUR60 million (US$ 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.
The government of the Canary Islands has confirmed that it will hold two auctions for large-scale wind and solar power projects this year. It has been reported in local press that 100 MW will be allocated in the solar auction, and 300 MW wind projects will be awarded in the other auction. No dates were disclosed.
Grupo T-Solar, a leading Spanish independent photovoltaic solar power producer and a portfolio company of I Squared Capital, has issued project bonds worth EUR118.4 million (US$145 million) to refinance eleven photovoltaic solar generation plants in Spain with a total combined capacity of 34.2 MW.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
Ence Energía is seeking to restructure its debt through a €220 million (US$261,40 million) facility which will expand its biomass power generation business.
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).
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.