Acciona

Spanish economy 17th July 2024

Engie in home straight to buy Acciona Energía’s renewables assets

Bankinter | Acciona Energia (ANE) and Engie are reportedly in the final phase of negotiations to close the transfer of assets that include a portfolio of 680MW in wind and photovoltaic projects, according to press reports. The transaction could be worth up to €500m. The sale transaction has been open for more than six months. Numerous groups, from pure energy companies to investment funds specialising in renewables, have expressed interest…

Spanish economy 24th June 2024

Acciona expected to rebound towards at least €140 in coming months

Renta 4: The fall from the highs of 2022 has developed in five bearish waves, stopping at €100, leaving historical oversold readings, as well as significant bullish divergences, typical of a rebound of some importance. We would expect a recovery of at least 38% of the fall, which would coincide with the resistance zone formed by the December highs at €139, levels close to the analysts’ consensus targets. The support…

Spanish economy 27th May 2024

Acciona Energy expects to reach capacity increase target in 2024, but acknowledges this does not currently allow it to generate €1.1 billion Ebitda

Intermoney | Acciona (Buy, PO €200) and Acciona Energía (Buy, PO €29) have published their 3-month trading statements (TS), in which they do not provide P&L data, only operational data. The companies will not hold conference calls. Acciona Energy’s key operating data is shown in the attached table, along with our forecasts for 2024e as a whole. Overall, ANE expects to reach its capacity increase target of 1,700 MW in…

World economy 21st May 2024

Acciona Energía to work with Grupo Pais in new photovoltaic project Dominican Republic, with 51% stake

Link Securities | The company announced yesterday the development of a new photovoltaic project in the Dominican Republic, the Pedro Corto photovoltaic plant, in collaboration with Grupo Pais, according to Bolsamania.com. Acciona Energía will have a 51% stake, while Grupo Pais will hold the remaining 49%. Located in the province of San Juan de la Maguana, the plant will have a nominal capacity of 63.35MW and its construction is linked…

Markets, Relevant News Item 3rd May 2024

Acciona: downward adjustment for Acciona Energy valuation, but value remains at these levels

Bankinter : We make a fine-tuning downward valuation adjustment for Acciona Energia (ANE), but we continue to see value at these levels. We slightly adjust our estimates and the group’s target price downwards, but we maintain our Buy recommendation. The main reason is the cut in estimates and valuation on Acciona Energía due to lower electricity prices than initially estimated. Weak demand, a high weight of renewables in the electricity…

Spanish economy 8th April 2024

Ferrovial, Acciona and Sacyr win €3,131-million contract for construction and 30-year concession for 35-km Lima ring road

Ferrovial (FER) informed the CNMV that the Anillo Vial Periférico Consortium formed by FER, Acciona (ANA) and Sacyr (SCYR) has been selected to develop the Anillo Vial Periférico de Lima (Peru) project under the concession format with an investment of $3.4 billion (about €3.131 billion). This amount includes contributions of public funds from the government. Within the consortium in charge of the project, FER, through its toll road subsidiary Cintra,…

World economy 25th February 2024

Acciona signs agreement potentially worth around €1.37 billion for Toronto underground extension

Link Securities| A consortium participated by Acciona (ANA) has signed an agreement with the Ontario administration in Canada for the development of a new section of the Toronto underground extension currently underway, with an estimated maximum value of up to CA$2 billion (around €1.37 billion), according to the newspaper Expansión. Acciona’s joint venture with Canada’s Amico has thus beaten the other two bids submitted in the tender, the first consisting…

World economy 26th January 2024

Acciona to bid for Line 7 of Riyadh metro together with Siemens, Samsung and Alayuni, and against FCC and its consortium

Link Securities | Acciona and FCC are part of two consortiums formed to bid for the construction of the new Line 7 of the Riyadh metro in Saudi Arabia, according to sources consulted by the newspaper Expansión. Specifically, Acciona has formed an alliance with Siemens, Samsung and Alayuni. In addition, FCC, as part of the consortium that won in 2013 one of the lots to design and build the first…

In the World 8th January 2024

Acciona, ACS and Meridiam in consortium competing with Ferrovial and Macquarie for €2-billion SR-400 Express Lanes project in Atlanta

Link Securities| Acciona and ACS, on the one hand, and Ferrovial, on the other, are part of the two consortia that have entered the final phase to design, build, finance, operate and maintain one of the largest toll road projects underway in the US, the SR-400 Express Lanes in Atlanta, Georgia. The value of the project, implemented through a managed lanes model (dynamic tolls), is estimated at approximately €2 billion….

In the World 21st December 2023

Acciona wins €1.7 billion contract to build desalination plant in Australia

Intermoney: The Government of Western Australia has provisionally chosen the bid submitted by Acciona (Buy, PO 215) to build the Alkimos seawater desalination plant, located some 40 kilometres from Perth, the state capital, according to Expansión newspaper. This is one of the largest water facilities to be built by the Spanish multinational, as the budget allocated by the local authorities for this infrastructure amounts to AU$2.8 billion (about €1.7 billion)….

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