MADRID | The Corner | After reducing public subsidies to renewable energies sector from €8.7bn to €7bn a year, Spanish government is not considering a bail-out plan similar to the one rescuing the financial sector with a bad bank as some were longing to.
MADRID | By Carlos Díaz Güell | Spain has become one of the countries facing more arbitration claims from investors due to the bonus cuts to renewable energy, only behind Venezuela, Argentina and Egypt. And yet the government feels quite calm about it, according to official sources. The last one to sue has been British fund InfraRed Capital Partners. It also litigates for the bonus cut to renewable energy companies,claiming that Spain hasn’t respected legal safety of investors, violating the Energy Charter and expropiating them of their rights.
MADRID | By Jaime Santisteban | What’s happening with the tech bubble and why it’s spreading to other sectors; the future of renewable energies and how cuts will harm utilities and much more. Oh, and Greece could be back in the bonds market this week…
BISCAY | Eroski’s project seeks to demonstrate the technical and economic feasibility of self-supplying the energy power needed for a 2,000 square metre supermarket.
BARCELONA | Through its municipal and environmental services subsidiary Cespa, Ferrovial Services announced it has installed the first wind-powered recharging station for electric vehicles in Europe. The station, equipped with a 4 kW wind turbine, is the first in Europe to generate electricity from wind and use it for vehicle recharging. Cespa manages municipal waste collection and cleaning contracts in western Barcelona as well as an end-to-end garden maintenance contract in…
BARCELONA | The Spanish financial markets regulator CNMV admitted Copenhagen-based Greentech’s voluntary cash tender offer on all ordinary shares of Fersa. Greentech had submitted last Friday its prospectus to the CNMV for its voluntary public offer of acquisition of 100% of Fersa, offering €0.40 in cash for each Fersa share. By submitting the prospectus and legal documentation required, Greentech requested that the regulator approved its offer for the Catalan renewable energy…
By Julia Pastor, in Madrid | The Spanish subsidiary of Siemens wants to transform Spain into the renewable energy provider for Central Europe. Spain is the European leader in green energy, specifically the number one in wind energy. In Europe, several countries have turned their back on nuclear energy, among them Germany, and are going to close their plants, and geopolitical instability due to the war for oil is already a…
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…