Siemens Gamesa, through one of its subsidiaries, has been selected by Ørsted as a preferred supplier of wind turbines for the Borkum Riffgrund 3 (900 MW) and Gode Wind 3 (242 MW) offshore wind farms, located in the North Sea (Germany), with a total power of 1,142 MW and also including a service and maintenance contract for five years.
Alphavalue | BlackRock has increased its participation to 3.726% in the Spanish market manager in the middle of a takeover bid by the Swiss operator SixGroup. Is BlackRock expecting a counter-coup movement from Euronext?
Bankinter | Técnicas Reunidas enjoys a record order book and a healthy balance sheet, including a positive net cash balance. However, margins continue to be tight and this is the main source of uncertainty in the medium term. Furthermore, the reduced visibility of the oil and gas price recovery and the low diversification of its business (focused on the Middle East), leads us to increase our caution.
Enagás has signed an agreement with another Spanish firm, Ampere Energy, to jointly develop several R&D projects for hydrogen production with solar energy and batteries. This will be carried out at the regasification plant in Cartagena (Murcia), owned by Enagás.
With an investment of 4 billion euros, Acciona plans to build renewable energy facilities in the next five years which will generate a combined total capacity of about 5 gigawatts (GW). These new allocations will be added to the portfolio of 10,117 megawatts (MW) which the Spanish group has installed and in operation, with 56% in Spain and the remaining 44% abroad. This has already made it one of the main global players in the sector.
Capital Madrid | For the first time in its history, Bankia reached the level of 20,000 million euros in assets managed in investment funds. This was done at the end of January, during which Bankia again led the market in terms of net income, according to data from Inverco.
Renta 4 | Ferrovial (FER) obtained a net profit of 268 million euros last year, which managed to settle in “black numbers” and thus reverse the losses with which it had closed 2018 and had been justifying over the first three quarters of 2019, thanks to the capital gains from the sale of the Ausol highway in Malaga.
Naturgy has agreed with Eni and Egypt to end their dispute over Unión Fenosa (UFG), in which the Spanish and Italian firms own 50% each. The company said the agreement includes the payment of 600 million dollars (about 547 million euros) in cash and most of the company’s assets outside of Egypt, excluding UFG’s business activities in Spain.
Microsoft and Telefónica have agreed to expand their global strategic collaboration to accelerate their customers’ digital transformation. As part of this collaboration, the US company will open a Data Centre in Spain that will take advantage of Telefónica’s infrastructure, which in turn will accelerate the use of Microsoft’s cloud internally.
CdM | Today CELLNEX presented its 2019 results, with a 40% reduction of its losses, reported at 9 million euros. CELLNEX increased its revenue to more than 1 billion (EUR 1.035 billion), which is a 15% year-on-year improvement.