Enagás and Naturgy will work together to develop the largest hydrogen plant in Spain in León. The aim will be to produce up to approximately 9,000 tons per year of renewable hydrogen from a 400 MW photovoltaic plant and an electrolyzer of up to 60 MW. The energy generated will not only be used to cover local consumption, but will also be injected into the gas network and be an option for future export to northwestern Europe.
Banco Santander has once and for all launched its land management company, transferring 13,000 assets from the bank with a gross value 4.5 billion euros. These are located in 3,500 different urban areas. Of the total number of plots, 45% have the qualification of finalist land, 40% of land under management, and 15% of rustic. The management company has been renamed LandCo (its previous name was Landmark).
J.P. Marín Arrese | In our country, the somewhat simplistic view that the manna from Brussels will by itself work a miracle to rescue us from the pothole has spread. It will finance projects and investments for the future, such as digitalisation or the transition to a more sustainable economy. In general, it is good to support innovation as a tool to promote a modernisation of the economy. But, without ignoring current assets. These are the ones that support employment and a whole set of supplier companies.
The new strain of coronavirus which has emerged in the UK has led to a long list of countries freezing air traffic with the island, including Spain. In fact from today, only Spanish residents and citizens will be able to return home from the UK. The measure, which has been taken in coordination with Portugal, will mean the cancellation of around 200 daily flights. This will be particularly prejudicial for the Canary Islands, where 1 out of every 2 tourists is British.
The cable will connect the US to Spain and the UK once completed in 2022. This new expanded collaboration between Telxius and Google will allow Google to connect the new cable to the Telxius Cable Landing Station (CLS) in Sopelana, Spain, and leverage the rich interconnection and advanced transmission capabilities of the nearby Derio Communications Hub.
The Spanish airline and its UK parent company IAG have approved the acquisition of Air Europa for €500 M. With the provison that SEPI facilitates the final agreement. This figure is half of what was agreed a year ago when the operation began to be forged due to the impact of the pandemic. The payment will not be made until 2026.
Last week the government published the terms and conditions for the 5G auction to be held in Q1 21. Eight frequency blocks (700 MHz) will be bid on with a total starting price of 1,170 million euros, a one-off payment and a 20-year usage period. Obligations of 100% coverage are established for populations of more than 20,000 inhabitants in a period of 3 years, equivalent to providing service to 70% of the population. In addition, coverage will have to be given to highways, freeways and high-speed train stations.
Joan Tapia | It is vital to maintain a peaceful social climate in the coming months and to inspire confidence in the economic agents, a sine qua non condition for the preservation of employment and investment. That is why the much talked about complete overturning of the labour reform has been postponed and only “the most harmful aspects” have been changed. But the deadlines are running out and the most radical sectors are demanding that sectorial agreements take precedence over those with companies (which would reduce the flexibility of the economy.)
The British Supreme Court has overturned a court ruling that forced to stop the construction of a third runway at London’s Heathrow airport, Britain’s biggest airport, which is currently controlled by the Spanish group Ferrovial. The judicial decision considers that the work is not illegal and, from now on, Ferrovial may request permission to undertake the project. In February, the London Court of Appeal ruled in favor of environmental activists against the expansion of the airport.
The Chinese state-owned company Three Gorges has been hovering over the Spanish renewable energy sector for months and has now fully landed. Last August it closed its first operation in Spain with the purchase of 500 MW of solar assets from X-Elio. And now it has created a subsidiary in Spain, China Three Gorges (Spain) S.L, to directly manage its investments in the country. According to the Official Gazette of the Commercial Registry (BORME), the energy giant’s subsidiary in our country started its activity on October 28th.