Companies

Companies, Relevant News Item, Spanish economy 20th February 2023

Indra wins contract to develop Navy’s new-generation electronic intelligence systems

Link Securities | The Directorate General of Armament and Material (DGAM) has awarded Indra (IDR) a contract to develop and test the Navy’s new generation of electronic intelligence systems within the Santiago national programme of Electronic Defence, according to Europa Press. The systems under development aim to facilitate the detection and generation of strategic information to ensure the access and use of the electromagnetic spectrum for the Armed Forces. Indra…

Companies, Interviews 16th February 2023

Carlos Delclaux: “Europe has busied itself with giving lessons… but it has grown very fat with contentment”

Fernando Rodriguez: Interview with Carlos Delclaux, president of Vidrala and Vocento board member. “The EU has busied itself lecturing the whole world on renewable energies. But a project of this magnitude should have guaranteed supply, and an orderly transition process to ensure that along the way you don’t run out of industry or that citizens don’t suffer ‘energy poverty’… But Europe has grown too fat with contentment. And we are…

Companies, Spanish economy 16th February 2023

CAF emerges as main candidate to win €330M contract to renew ATM Milano’s bus fleet

Link Securities| The railway manufacturer Construcciones y Auxiliares de Ferrocarriles (CAF), through its bus division Solaris, has applied as the main candidate to renew ATM Milano’s bus fleet, in a tender valued at €330 million and for which it will face competition from up to three different rivals, according to the newspaper elEconomista.es. The tender, which will be resolved in the coming weeks, according to sources involved in the process,…

Companies, Ibex, In Spain, Spanish economy 15th February 2023

Aena passenger numbers exceed pre-virus levels in January for first time (+2% vs 2019)

Bankinter | Aena (AENA) airports recorded 16.9 million passengers in January, which is +2% compared to January 2019 (pre-virus) and compares with -2% in December. Compared to last year, it is up +63%, although it should be borne in mind that, at the beginning of last year, traffic was still affected by the Omicron variant. Analysis: Good news. Passenger traffic continues to improve in January, surpassing pre-virus levels for the…

Companies, Spanish economy 14th February 2023

Grenergy acquires 60% stake it did not already hold in Sofos Harbert Renewable Energy.

Norbolsa | The renewable energy company announces the purchase of the remaining 60% it did not already own of the photovoltaic and battery project developer Sofos Harbert Renewable Energy, consolidating its commitment to the US renewable energy market. This acquisition comes ahead of the three-year term of the initial contract and will become Grenergy’s subsidiary in the country. It is currently developing a portfolio of 1.9 GW of solar power…

Companies, Ibex, Spanish economy 8th February 2023

Telefónica to collaborate with Saudi operator STC Group to develop business in Middle East and North Africa

Link Securities | Telefónica has signed a strategic partnership agreement with the Saudi Arabian telecommunications operator STC Group to develop joint business in the Middle East and North Africa. With the signing of this agreement, STC Group becomes a member of TEF’s Partners Program, an initiative of alliances with other operators launched by the Spanish company in 2011 and covering more than 65 markets in Europe, Latin America, the Middle…

Companies, Ibex, Spanish economy 8th February 2023

Repsol continues to accelerate growth of self-consumption business through Solmatch

Renta 4| Repsol (REP), through Solmatch, has more than 350 installations in Spain. Solmatch is a sustainable energy service focused on distributed or decentralised generation in Spain that was launched by the company in 2020. Repsol has agreements to develop solar communities (collective self-consumption). One of these agreements is with the Lasalle Schools, where the entities have committed to developing a total of 29 self-consumption parks in different schools located…

Companies, Ibex, Spanish economy 31st January 2023

Iberdrola tops 7,500 employees in US, its main investment destination

Norbolsa | Iberdrola has surpassed 7,500 employees at its US subsidiary Avangrid, while at the same time generating a total of 70,000 jobs in the country through its purchases and investments. As the electricity company explained in a statement, the United States is the main destination for its investments, with more than $21,500 million (€19,723 million) for the three-year period 2023-2025. Regulatory stability and the commitment of the different administrations…

Companies, Spanish economy 30th January 2023

Umbrella Solar gets go-ahead for first solar project in UK: 20 MW capacity

Bankinter | Umbrella has completed the permitting, licensing and authorisation phase for its first project in the UK, which will consist of a solar photovoltaic plant with a capacity of 20 MW and lithium-ion battery support. The project is located on the outskirts of the city of Stirling, in Scotland. The construction and maintenance of the entire project will be carried out by the wholly-owned subsidiary IM2 Energía Solar. Umbrella…

Companies, Spanish economy 23rd January 2023

Enagás plans roadshow to finance near €7,135 million cost of H2Med project, with Germany also joining

The country set to account for the lion’s share of Iberian exports of green hydrogen agreed yesterday, Sunday, with France, Spain and Portugal, to join the H2Med project, which will therefore reach Germany, as announced yesterday by the German and French presidents, Olaf Scholz and Emmanuel Macron. The H2Med project consists of building a large underwater pipeline linking Spain with France, via Barcelona and Marseilles, to transport hydrogen to Europe….

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