renewables energy

Iberdrola Avangrid

Iberdrola could divest some €2 B in renewables (total or partial) in the US given its high investment level

Renta 4 |According to press reports, Iberdrola’s US subsidiary Avangrid is preparing a plan via which the group is looking at divesting in some renewable assets (total or partial) to strengthen the balance sheet ahead of its investment plan over the next few years. This amounts to 14.6 billion usd until 2025, including the purchase of PNM (6.5 billion usd) if the courts allow that to materialise. The divestments could…

Banco Santander

Santander Creates A Platform To Invest In Renewable Energies Called Santander Green Investment

Banco Santander has created a company to acquire and invest in renewable energy projects in Spain that are in the development and construction phase, called Santander Green Investment, announced last week.Through the new platform, the entity will take equity stakes in renewable energy companies. So far, Santander has acquired stakes in nine solar photovoltaic and wind power projects in Spain from different developers. The total capacity is approximately 500 megawatts,…

Spain renewables auctions in 2022

Wind Power Becomes Spain’s Leading Energy Source For The First Time

According to data from Red Eléctrica, this year wind power installations have already produced more than 56,000 GWh. The importance of this milestone is that wind has outperformed other sources on many occasions, but never before had it done so over the course of a year. Until now, nuclear has been the largest source of energy generation for electricity consumption in Spain. This year it has already produced 50,834 GWh.

Spanish renewable macro-auction

India Snatches Spain’s Fourth Place In Global Wind Energy Rankings

India has snatched away from Spain the fourth place in the global ranking of countries with the greatest installed wind energy capacity, after adding 2,623 MW over the year to reach 22,088 MW. With this figure, the Asian country’s capacity exceeds Spain’s 22,988 MW, becoming fourth in the world for wind energy installations after China, the US and Germany.