Iberdrola to invest US$40 billion between 2018 and 2022
Following public disclosure of its 2017 earnings, Iberdola has announced plans to invest EUR32 billion (US$39.4 billion) over the period between 2018-2022. More than 90% of total amount will be allocated to regulated activities or long-term contracts, in line with the group's strategy of investing in businesses with stable and predictable returns.
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Country news
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February 14, 2018
ContourGlobal in talks to acquire Acciona's CSP projects in Spain
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.
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February 13, 2018
Enel to acquire five Spanish wind farms in Galicia and Catalonia
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.
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February 12, 2018
TerraForm offers to acquire Saeta Yield for US$1.2 billion
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.
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January 26, 2018
370km France-Spain interconnection project to receive EUR578 million from EU
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.
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January 25, 2018
Spain's Canary Islands to launch 400 MW wind and solar tenders
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.
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