MADRID: Spain is studying the issuance of so-called “green bonds” to help businesses fund reforms necessary under the government’s environmental plan, Economy Minister Nadia Calvino told Reuters in an interview on Wednesday. “Spain has a very ambitious approach to tackling climate change and we wish to be at the very vanguard of the ecological and […]
Repsol Invests in Storage Startup Ampere Amid Shift to Cleaner Energy
The Spanish oil company’s backing of Ampere follows Shell’s recent acquisition of German battery company sonnen. Spain’s largest oil and gas company, Repsol, has invested in Spanish battery startup Ampere Energy, in a move to emulate industry peers taking positions in clean energy technologies. Madrid-based Repsol this month put an unspecified amount into Ampere, a […]
Spanish climate plan mandates 6GW-by-2030 boost for energy storage
Upcoming snap elections in Spain will decide whether newly-proposed measures including a nation-wide 6GW boost to energy storage become a reality. Draft climate change legislation green-lighted by Spanish ministers last Friday mandates a 3.5GW increase in pumped storage capacity by 2030. This, according to the legislative package tabled by Pedro Sánchez’s socialist government, would be […]
Iberdrola Uses Blockchain to Authenticate Clean Energy for Corporate Customers
The new approach makes it cheaper and easier for corporate customers to track clean energy that they purchase. The Spanish utility Iberdrola this month said it had used ablockchainplatform to certify delivery of green energy to one of its corporate customers. The company used a platform developed by Energy Web Foundation (EWF) to provide real-time […]
Spain’s Renewables Industry Applauds New Payment Scheme
Renewable energy investors could finally get the policy certainty they have been begging for—if the proposal passes. Spain’s renewables industry is celebrating proposed legislation that could provide plant owners with guaranteed income for up to 12 years. The regulatory framework would give renewable energy plant owners the option to stick with their current level of […]