Julia Pastor | Chairman and Owner with 90% of the capital of the Spanish energy firm Audax Renovables José Elías regrets that the whole industry has made a terrible mistake. “We were able to generate all that photovoltaic energy and we were able to develop an industry around that, but we screwed up, ruining a lot of citizens. We could not have acted worse,” he reckons.
The M&A market in Spain has been very active over the last two years. There is a lot of cash around, but what is lacking are some good deals.
Spanish energy Cepsa has acquired the rights to develop its first wind farm in Jerez (Cádiz) for an investment of 35 million euros. This the company’s first foray into the wind energy sector and diversifies its energy business. Cepsa is Spain’s fourth largest industrial group in terms of turnover.
Eulogio López | Rafael Villaseca, CEO of Gas Natural Fenosa is an industrial engineer and it shows. He has worked for a wide variety of companies: Panrico, Inisel, Nueva Montaña Quijano…And lately he has become a harsh critic not of the renewable energy firms themselves, but of the subsidies they receive.
BRUSSELS | By Alexandre Mato | The EU hopes to set up a new policy framework targeting the reduction of greenhouse gas emissions by improving renewable energy by 2030. The continent´s energy efficiency would be improved with utilities companies and operators operating under the auspices of the directive. It could be a crucial step, designed to save €100bn annually for consumers –most of them households.