Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030. The industrial group earlier this month acquired 1.48GW of Greek solar parks as part of efforts to expand the company’s new renewables and storage development business […]
Abengoa Insolvency Filing Marks Spain’s Biggest Company Failure
Spanish Renewable Energy Firm Files for Insolvency Renewable energy group Abengoa SA filed for insolvency late on Monday, after its latest attempt to restructure its debts fell apart. The parent company of the renewable-energy producer, which is the entity that filed for insolvency, had around 1 billion euros ($1.22 billion) of liabilities in 2019. The […]
Three Gorges to Buy Billionaires’ Spanish Renewable Portfolio
China Three Gorges Corp. agreed to buy Spanish renewable assets from a group of billionaires, as the Chinese energy giant seeks to double down on the southern European country. State-owned Three Gorges will acquire 100% of a portfolio of more than 400 megawatts of operational plants from a consortium led by Corporacion Masaveu, backed by […]
Spain’s Iberdrola seeks EU funds for large-scale floating wind power farm
Several projects are underway in Europe to build turbines on floating platforms where the seabed is too deep for fixed structures MADRID: Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift […]
Spain targets 20GW of energy storage by 2030 as part of new strategy
Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it move towards its 2050 climate neutrality target. The roadmap foresees the country ramping up its storage capacity from the current 8.3GW level to 20GW by 2030 and […]
Macquarie’s GIG launches new European solar energy company, Cero Generation
Macquarie’s Green Investment Group launches new European solar energy company, Cero Generation Cero Generation will deliver utility-scale and on-site generation projects, as well as integrated energy storage solutions, across Europe With more than 8 GW under development across 150 projects, Cero is launched with one of Europe’s largest solar development portfolios. Macquarie’s Green Investment Group (GIG) launches Cero Generation (Cero), a specialist solar energy company working across Europe […]
Siemens Gamesa Cuts 266 Jobs as Onshore Wind Restructuring Continues
Two wind turbine facilities in Spain to close as demand for smaller blades falls away. Wind turbine OEM Siemens Gamesa is cutting 266 jobs in Spain with the closure of two factories, it announced on Tuesday, with the falling appetite for smaller wind turbines cited as the chief cause. The facilities in Cuenca, in central […]
KfW IPEX-Bank finances 200 MWp solar PV project “Los Escuderos” in Spain
KfW IPEX-Bank has arranged the senior debt financing for the construction and operation of the Los Escuderos solar park near the municipality of Altarejos in the Spanish province of Cuenca. KfW IPEX-Bank is contributing around EUR 64 million to the long-term senior debt. The Escuderos project is being developed and owned by the Spanish wind […]
EIB invests €50 million in Wenea to roll out 470 electric vehicle charging stations across Spain
The European Investment Bank (EIB) is backing Spanish company Wenea with €50 million so an investment of around €100 million in total can be carried out to increase long-distance mobility in Spain by installing a host of electric vehicle charging stations alongside many of its motorways. Wenea, itself part the Madrid-based Diggia Group, which provides […]
Spain Tenders 3 Gigawatts of Renewables Under New Pay-as-Bid Model
Solar and onshore wind get 1 gigawatt each while floating offshore wind seeks foothold. Spain has launched a tender for up to 3.18 gigawatts of renewable generation in its first auction under a pay-as-bid model introduced earlier this year. The model, similar to the contracts-for-difference program used in the U.K., aims to correct problems with […]