Shell completes acquisition of 1,100 MW solar PV projects in Spain
Shell has completed the acquisition of a 1,100 MW solar photovoltaic facility located in Spain from Isemaren.
The projects are installed across different regions in Spain. The deal is part of the Framework Agreement signed between the consultancy firm specializing in green investment and ecological transition and Shell in 2022.
Shell has pulled out of various renewables and low-carbon projects throughout the world in recent months as the new management aims to focus on higher-return operations.
Country updates
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May 31, 2023
Financing secured for 54 MW Solar PV Project in Spain
BayWa r.e. and the commercial bank NORD/LB (Norddeutsche Landesbank) have successfully completed the financing of the 54.1 MW Alhendin solar agrivoltaic project in Andalusia, southern Spain....
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May 24, 2023
Siemens Gamesa, Grupo Daniel Alonso sign agreement to sell minority stake in WIndar
Grupo Daniel Alonso and Siemens have signed an agreement to sell the latter's 32% stake in Windar to Bridgepoint. Despite the acquisition, Orlando Alonso will stay on as CEO and President of Windar, a...
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May 22, 2023
Siemens to divest minority shareholding in Windar
Siemens Energy is about to reach an agreement to sell its 32% stake in Windar Renovables to Bridgepoint, purchasing the Spanish turbine manufacturer for US$700 million, including Siemens Energy's stak...
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May 18, 2023
IberBlue Wind plans to develop 990 MW floating offshore wind project off the coast of Granada and Almeria
IberBlue Wind has unveiled its plan to build the 990 MW La Pinta floating offshore wind project off the Granada and Almeria coasts, in Spain. The more than EUR2.5 billion (US$2.7 billion) farm wi...
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May 10, 2023
Gran Canaria lifts suspension on 200 MW pumped-storage hydroelectric project
Red Eléctrica is set to resume work at the 200 MW Salto de Chira pumped hydropower project on the Spanish island of Gran Canaria after the regional administration of the island lifted the suspe...
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