Intermoney | Acciona (Buy, PO €185) announced yesterday, while the market was open, that it had been awarded, through its Polish subsidiary to Mostostal Warszawa, the 7.94 km section between Niemcza and Ząbkowice Śląskie. This section forms part of the S8 motorway between Wrocław and Kłodzko, which runs for 87 km along the western fringe of the country. The contract is worth PLN305.7 million (€71.3 million). The Group has been…
Alphavalue/Divacons | The Spanish alternative energy company was awarded a contract by Sanepar (Sanitation Company of Paraná) for the concession of sanitary sewerage services in 48 municipalities in the West and Central-East micro-regions of the state of Paraná, in southern Brazil. The public-private contract, worth €324 million, includes investment in sanitation infrastructure, including sewerage networks, pumping stations and wastewater treatment plants, as well as the operation and maintenance of these…
Norbolsa | Acciona (ANA) has won a contract in Australia to design and build two inland wharves at Lumsden Point Port, Pilbara, with a total budget of AU$662 million (€400 million). The port will be key to exporting minerals such as lithium and copper, essential for batteries, and importing renewable energy infrastructure.
Link Securities | According to information sent to the National Securities Market Commission (CNMV) by the company, the credit agency Fitch Ratings has confirmed Acciona Energía’s long-term issuer default rating (IDR) at “BBB-” (last step of investment grade), with a “stable” outlook. According to Fitch, the €1bn sale of Spanish hydro assets to Endesa Generación and good progress on other disposals (likely to be completed by 2025) are consistent with…
Intermoney | Acciona (ANA) (Buy, Target Price €180) and local company J.R. Filanc have won the design, construction, operation and maintenance of a new desalination plant that will supply drinking water to residences and businesses in South Orange County (California, United States), according to Expansión newspaper. The investment budget is around $140 million (around €132 million). The Doheny ocean desalination plant, to be located in the town of Dana Point,…
Link Securities | The company announced yesterday the closing of the sale of 175 MW of hydroelectric power in Spain to Elawan Energy, a subsidiary of ORIX Corporation, after complying with the foreign investment condition to which the transaction was subject. Acciona Energy received €293 million for the sale, generating a capital gain of €180 million euros. The 175 MW object of the transaction corresponds to 100% of the Acciona…
Banco Sabadell : According to press reports, Endesa has shown interest in the hydroelectric assets that Acciona has recently put up for sale. Specifically, they would comprise 626.5 MW spread over 34 plants and with a concession life of between 12 and 39 years. According to the news, Acciona Energía aims to obtain around €1,000 million in a process that is still in its initial stages, and in which the…
Acciona Energía, the renewable energy subsidiary of Acciona, has put the bulk of its hydroelectric business, which encompasses around 650 megawatts (MW) and is valued at €1 billion, up for sale, according to Reuters. This operation is part of ANE’s asset rotation plan, which already sold 175 MW of hydroelectric power to Elawan last July for €287 million, as reported by Expansión. This is the third operation that ANA has…
Renta 4 | Acciona Energy has announced the launch of the Bellwether project, which will become the second largest onshore wind farm in the world, with a capacity of 3,000 MW. This farm will be located in Perth, Australia and will require an investment of €2,500 million. Construction will begin in 2025 and it is expected to be operational in 2030. Assessment: Positive news. The announcement reinforces Acciona Energy’s international…
Intermoney | ACS (Buy, PO 46 €) and Acciona (Buy, PO 200 €) have been awarded, together with the Meridian fund, the SR400 toll road, which will be located in the vicinity of Atlanta (United States), according to the newspaper El Confidencial. With an investment of approximately €9.8 billion, the project has a construction period of approximately 5.5 years with an operation and maintenance period of a further 50 years….