Spanish economy

Spain Catalonia

Living in Catalonia (I&II)

Clemente Polo | Living in Catalonia is becoming increasingly oppressive. Even for those of us who decided one day to pack our bags and move to an Autonomous Community that stood out from the rest for its social and cultural dynamism and its cosmopolitan vocation. When I was offered a place at the Autonomous University of Barcelona after giving a seminar in June 1984, nobody thought to ask me where…


Iberdrola

Iberdrola signs agreement to enter the Philippine market with 5 marine wind farms

Renta 4 | Iberdrola (IBE) has signed with Triconti ECC Renewables and Stream Invest Holding an option allowing it to enter the Asian country with 5 marine wind farms, the total capacity of which would reach 3,5 GW. Triconti is the biggest independent wind energy developer in the Philippines, while Stream Invest Holding is a Swiss renewable energy group. All the projects come with an assured service contract with the Philippine…


Spain Catalonia

Living in Catalonia (I)

Clemente Polo | Living in Catalonia is becoming increasingly oppressive. Even for those of us who decided one day to pack our bags and move to an Autonomous Community that stood out from the rest for its social and cultural dynamism and its cosmopolitan vocation. When I was offered a place at the Autonomous University of Barcelona after giving a seminar in June 1984, nobody thought to ask me where…


Australiaok

ACS, Ferrovial, Acciona Bid For ‘Mega’ Infrastructure Investment Project In Australia

Alphavalue | ACS (ACS), Ferrovial (FER) and Acciona (ANA) are bidding for a “mega” investment plan in Australia. The Australian government plans to invest some 70 billion euros in infrastructures over a 10 year-period. The Spanish firms lead the ranking of contractors for the projects, which include railways, motorways and subways. ACS (Buy, Target Price €40,8 +) ACCIONA (Reduce, Target Price €157 ++) FERROVIAL (Reduce, Target Price €25,8 ++)


Santander

Santander Kicks Off Debt Issues; UK Places £500 M And Consumer €750 M

BancaMarch | On Monday, the Spanish bank kicked off its activitiy in the debt market for this year. Specifically, the lender called on the investment community in order to raise 1.350 billion euros in funding for its consumer finance business, Santander Consumer, and its subsidiary in the UK. In the case of Santander Consumer, it issued senior debt with a 5-year maturity at 0.586%, 50 bp over the midswap index,…


bank spain guapisimo

Spanish Treasury Proposes €75 Bn Net Issuance By 2022, A Level Similar To That Of 2021

Bankinter | The Treasury announced on Monday its Financing Strategy for 2022. The Treasury ended 2021 with total Gross issuance of €264.312 billion and Net issuance of €75.138 billion, -25% below the proposed target and -31.6% below 2020 net issuance. The average cost of debt issued amounted to -0.04% and that of outstanding debt stood at 1.64% (from 1.86% at the end of 2020).



wholeshale electricity market

The Price Of Electricity And Alternative Realities

Fernando González Urbaneja | The Sánchez government hopes to have avoided the electoral cost of the electricity price hike, as it is confident it has conveyed to public opinion that the final bill to the citizen has not increased. The daily bombardment over several months with the spectacular rise in wholesale prices (which the vast majority do not understand how it affects them) was countered with the commitment from the…


Spain renewables auctions in 2022

The First Renewables Auction For 2022 Might Be Held In April For A Total Of 500 MW

Banco Sabadell | The government has launched for public consultation (until 21 January) the proposed resolution for convening a new renewables auction, which is included in the calendar established for the period 2020-2025. It will be held foreseeably in April for a total of 500 Mw distributed between: (i) 200 MW solar thermoelectric; (ii) 140 Mw solar photovoltaic (installations > 5Mw); (iii) 140 Mw biomass; and (iv) 20 Mw other…


ACS

ACS sells 100 MW of photovoltaic capacity, for a possible price of €80-90 M

Intermoney | ACS (ACS) (Buy, TP €40) has sold a portfolio of 100 MW of photovoltaic energy capacity to Sonnedix, a holding of renewable assets owned by institutional investors advised by JP Morgan AM, according to the Cinco Dias newspaper. The price of the transaction has not been revealed. The assets are located in Castilla-La Mancha and Extremadura. The two plants, each with 50 MW, were put into operation at the…