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.
Energy Finance & Investment News 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.
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.