Alphavalue/DIVACONS | The energy company has increased its installed capacity in renewable energy by 2.292 GW since the start of its current strategic plan in 2021. The company has gone from having 4.608 GW in renewables worldwide to a total of 6.9 GW of installed “green” capacity, as reported in Expansión.
Bankinter | The National Statistics Institute (INE) has published for the first time the indicator that limits the rise in rents. It places it at 2.2% for 2025, below inflation, which reached 2.8% year-on-year in December (preliminary), and the underlying rate (2.6%). The index is defined as the minimum value between: (i) year-on-year change in the CPI; (ii) year-on-year change in the core CPI; and (iii) a third variable incorporating…
Alphavalue / Divacons | The paper and energy group has updated its Decarbonisation Plan by increasing the level of reduction of Scope 1 and 2 emissions by 2035, setting targets for 2030 as an intermediate milestone and also incorporating targets to reduce indirect Scope 3 emissions. Specifically, the company, based on the 2018 financial year, increases the level of ambition of the target set for 2035 from a group-wide reduction…
CdM | Endesa, through its network subsidiary, e-distribución, has exceeded 30 GW of distributed renewable capacity connected to its distribution grid, enough to supply the consumption of almost 20 million homes and avoid the emission of close to 30 million tonnes of CO2. These are installations of small and medium-scale renewable energy producers and self-consumption which, in recent years, have been increasing their weight on the renewable generation map in…
BancaMarch | Mortgage lending is accelerating in Spain. According to figures from the National Statistics Institute (INE), October was a historic month with a strong increase in mortgage activity. In October the number of mortgages taken out on homes grew by no less than 60.8% year-on-year (51,535 mortgages), making it the month with the highest number of mortgages granted since September 2010. The average amount of these operations stood at…
Bankinter: 3Q GDP (final) grows 3.3% year-on-year (versus 3.4% year-on-year preliminary and 3.2% previous),while in quarter-on-quarter terms confirms 0.8% quarter-on-quarter preliminary (and 0.8% previous). Link to the document. Analysis team’s view: Our estimates for the year anticipate 3.1% year-on-year growth, following the strength confirmed in the first 9M of the year (with a slight year-on-year change in Q3, but maintaining 0.8% quarter-on-quarter and projecting 2.2% year-on-year for 2025. We estimate…
Bankinter | The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favour of Enagás in its litigation against Peru and has ordered the South American country to pay Enagás $194m (€186m) for the proceedings initiated in relation to the Gasoducto Sur Peruano (GSP) project. Enagás filed for arbitration to recover its investment in the GSP after the Peruvian government terminated the gas pipeline concession on 23 January…
Telefónica has started distributing the sale documents for the fiber optic company it shares with Liberty Global in the UK through the operator Virgin Media O2 (VMO2). The company’s goal is to raise around €1.2 billion by placing between 20% and 40% of its infrastructure company. According to Mergermarket, the aforementioned Hispano-British NetCo could be valued between £4 billion and £5 billion (€4.8 billion and €6 billion), in a deal…
Intermoney | Amadeus (Hold, PO 65 €) announced yesterday, with the market open, that it will distribute to its shareholders an interim dividend of €0.50/share on 17 January. The stock will trade ex date on 15 January. The Group reiterates its dividend policy of a pay-out of between 40 and 50% of consolidated profit for the year. Specifically, for 2024, the Board of Directors expects to be close to the…
Link Securities | The Bank of Spain (BdE) has informed Bankinter that the Single Resolution Board, as the group’s resolution authority, has taken a decision determining the minimum requirement for Total and Subordinated own funds and eligible liabilities (MREL) for Bankinter. This decision sets a binding total MREL requirement, to be met as from its notification, at the consolidated level, of 20.31% of the Total Risk Exposure Amount (TREA) and…