renewable energy

renewables toreras

The European Commission Plans To Raise The Renewables Target To 40%; Spain Is Already Meeting It

Renta4 | The European Commission is preparing a legislative package (12 proposals) for July, which includes the revision of the Renewables and Energy Efficiency directives, and through which it plans to raise the renewables target to 40% by 2030, compared to the current 32%. Renta4’s analysis team’s opinion: The increase in Renewables and Energy Efficiency targets to 2030 could be good news for those countries whose targets are below that…


renewables

British Pension Fund USS Buys 50% Of Bruc Energy

The British group Universities Superannuation Scheme (USS), the largest private pension fund in the United Kingdom, has entered the renewables business in Spain with a stake in Bruc Energy, the renewables investment vehicle created by the Canadian pension fund OPTrust and the businessman and former CEO of FCC Juan Béjar.USS has bought the 50% stake of Bruc Energy for a total of €225 M. The remaining 50% of Bruc Energy will remain in the hands of the current partners.


Solarpack: another actor comes onto Spain's solar energy scene

Spain Makes The Most Of The Sun

T.C. | According to data from Red Eléctrica de España (REE), the Spanish electricity system registered a record figure on Sunday 21 March at 13:37 hours: solar generation reached 10,255 megawatts of instantaneous production, which was able to cover 37.3% of peninsular demand. It should be remembered that last year Spain installed almost 3,000 megawatts of solar energy, reaching 14,000 megawatts.


Acciona windpower

Acciona: When The Subsidiary Is Worth More Than The Parent Company

T.C. | Acciona approved yesterday the spin-off of its green energy subsidiary, Acciona Energía, in order to float up to 30% of the capital of this subsidiary, which the press and some Spanish analysts want to value at 12 billion euros, although on 31 March Acciona’s capitalisation on the Spanish stock market was “only” 8 billion euros. The deal could allow Acciona to reorganise and reduce its debt, which currently stands at 6.858 billion euros, of which 2 billion euros matures this year.


renewables record

Irena says 2016 record breaking year for renewables

Dániel Stemler | According to the latest report by the International Renewable Energy Agency (IRENA), last year was a record year for renewables as the “global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016”.





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Today’s market chatter in Spain

MADRID | By Jaime Santisteban | What’s happening with the tech bubble and why it’s spreading to other sectors; the future of renewable energies and how cuts will harm utilities and much more. Oh, and Greece could be back in the bonds market this week…