CNMV receives IFM's offer for 22.7% stake acquisition in Naturgy
Australian institutional investor, IFM Global Infrastructure Fund, has submitted an application for the acquisition of a 22.69% stake in power and gas utility Naturgy to Spanish market regulator Comisión Nacional del Mercado de Valores (National Securities Market Commission).
The Fund seeks to acquire up to 220 million shares in Naturgy for a total consideration of EUR5.06 billion (US$6.11 billion).
The Ministry of Industry, Trade, and Tourism (MINCOTUR) of Spain is set to evaluate the proposal of IFM.
Country updates
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March 04, 2021
Dhamma Energy secures planning approval for 50 MWp Cerrillares solar project
Dhamma Energy has been granted environmental approval for the 50 MWp solar plant Cerrillares I located in the Region of Murcia, in Southern Spain, which is a key milestone towards making the project r...
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March 02, 2021
Statkraft, Aquila Capital sign PPA for 50 MW Albeniz solar project
German asset manager Aquila Capital Investmentgesellschaft mbH has signed a five-year power purchase agreement (PPA) with Statkraft AS for the 50 MW Albeniz solar photovoltaic project in Spain.&n...
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March 02, 2021
Solarcentury gets permits for 320 MWp of solar projects in Valencia
Solarcentury has received the grid access permits for two solar farms in Castellón and Alicante on the East coast of Spain. The four Spanish sites will generate a total of 980 GWh/year, equival...
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March 01, 2021
OHL secures contract to build 150 MW solar project in Hueneja
OHL has been awarded the project that includes the construction of the photovoltaic plant in Huéneja (Granada) in Spain, with up to 150 MW worth more than EUR40 million (US$48.6 million). The c...
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February 24, 2021
Iberdrola plans first industrial-scale Spanish floating offshore wind farm
Iberdrola is planning the first industrial-scale floating offshore wind farm in Spain, to which it would allocate more than EUR1 billion (US$1.2 billion) of investment to commission 300 MW of clean en...
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