renewable energy

Companies, Ibex, Relevant News Item 27th September 2022

Siemens Gamesa calls on European governments to declare renewables strategic industry

Link Securities | Siemens Gamesa has asked the European governments to declare the renewables industry as one with strategic importance. This is to enable the development of the necessary technology and capacities which the European Green Deal requires. And, in this way, maintain leadership for Europe, under threat from the current crisis caused by Russia’s invasion of the Ukraine, according to the daily NegociosTV. Siemens Gamesa has prepared a “white…

Spanish economy 6th June 2022

China’s Three Gorges Buys 619 MW Of PV In Spain

Three Gorges (CTG) has reached an agreement to acquire a portfolio of 619 megawatts (MW) of photovoltaic assets from Nexwell Power in what is its largest transaction to date in Spain in terms of capacity, according to market sources quoted today by the newspaper Expansión. Details of the price have not yet been disclosed, but sources suggest that the value of the deal is in excess of EUR 200 million.CTG…

World economy 12th May 2022

Latin America Has The Cleanest Electricity Mix In The World

Crédito y Caución (Atradius) | Latin America is a frontrunner in the energy transition. It has the cleanest electricity mix in the world. But it is mainly focusing on hydropower, which is susceptible to altering rain cycles. The region has huge potential in other sources of green energy, such as sun, wind and geothermal generation. To remain a leader in clean electricity and achieve net zero emissions in 2050 it…

European economy 11th May 2022

Austrian Verbund Buys Photovoltaic Assets In Spain From Q Energy For €1 billion

The Austrian utility has been the winner of the large bid organised by the Spanish renewable energy fund Q Energy. The firm has acquired a platform with 82 MW in operation and more than 4 GW under development, valued at over 1 billion euros, in one of the most important renewable energy deals of the year in Spain. The assets are located mainly in Castilla La Mancha and Andalusia. Of…

Solar power in Spain to get investments of €70 bn

World economy 7th April 2022

Elon Musk Advises Spain And Portugal To Make A Massive Deployment In Solar Energy

Bankinter | Elon Musk, the founder of Tesla, Twitter’s largest shareholder and the world’s richest man posted a tweet yesterday in which he encouraged Spain and Portugal to carry out a “massive deployment” in solar energy. According to Musk, Spain and Portugal could supply energy to all of Europe.Opinion: Elon Musk’s comments had a positive impact on the stock market, leading to strong rises in the main shares of renewable…

Spanish economy 1st February 2022

Bottlenecks in Spain’s renewables: there are requests for up to 150.000 MW vs target of additional 60.000 MW for 2030

Renta 4 | The bottlenecks continue in Spain: Red Eléctrica de España (REE) has 339.800 MW of renewables registered in December 2021 compared with 339.700 MW in November. The normal is an additional +2k on a monthly basis. There are too many requests to build wind and photovoltaic farms in Spain. So the government is encouraging the withdrawal of the more problematical ones, those with fewer possibilities of getting through…

Spanish economy 10th January 2022

The First Renewables Auction For 2022 Might Be Held In April For A Total Of 500 MW

Banco Sabadell | The government has launched for public consultation (until 21 January) the proposed resolution for convening a new renewables auction, which is included in the calendar established for the period 2020-2025. It will be held foreseeably in April for a total of 500 Mw distributed between: (i) 200 MW solar thermoelectric; (ii) 140 Mw solar photovoltaic (installations > 5Mw); (iii) 140 Mw biomass; and (iv) 20 Mw other…

Spanish economy 4th January 2022

Spain Opposes, Together With Germany And Austria, The EU Proposal To Gas And Nuclear Energy As Renewable

Renta 4 | The European Union surprised with a new plan that would label some natural gas and nuclear energy projects as “green” investments after a year of debate among the different governments about which investments are really climate-friendly. Specifically, the Brussels text, still in draft form, includes nuclear power plants already in operation and those to be built at least until 2045, as well as gas-fired power plants, which will enjoy the same recognition until 2030.

Spanish economy 21st October 2021

Big Spanish Utilities Drop Their Bids In The Renewables Capacity Auction; Capital Energy Takes The Lead

Intermoney | Capital Energy has won the renewable capacity auction held this week by the Ministry for Ecological Transition. The Spanish utility won 1,548 MW, almost all of them wind, out of the total of some 3,100 MW awarded. Endesa, Iberdrola and Acciona Energía declined to bid in this auction, no doubt due to regulatory uncertainty and the dispute between the first two and the government.

Spanish economy 17th September 2021

Renewable Sector Joins Big Electricity Companies Against Energy Reform; Plan a Historic Legal Battle

The government’s energy reform is stirring up the whole sector, according to the daily Expansión. Not only the large electricity companies, such as Endesa, Iberdrola and Naturgy, which are already preparing a legal battle. Renewable energy companies are also coming out en masse demanding that this reform be softened by modifying some aspects as the the energy sold outside the daily market, through bilateral contracts (or PPAs, in technical jargon) will also be reduced. These bilateral contracts are the essence of the current development of the renewable energy sector, because they serve to finance it.

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