Ecoener has dropped more than 15% in its stock market debut, thus weakening the debut of the first of the flood of renewable companies that plan to make the leap to the market in 2021. The renewables group only saw a positive sign in its share price in the early stages of the day, when it rose 1.7% to six euros per share.
The national installed capacity of renewable energies between 2006-2021 has increased significantly, especially wind and photovoltaic energy. As pointed by Intermoney, they have grown 139% and 9,110%, respectively. Similarly, the installed conventional energy (coal and fuel + gas) has decreased with declines of 53% and 73%, respectively. Spain would also exceed the European targets for the penetration of these energies with 42% compared to the European 38-40%. For the experts of Renta 4, the very strong operational and financial growth of the companies will be coupled with the growing trend of ESG.
Renta 4 | Withdrawals from network access points are continuing. To the over 20 GW of renewable projects abandoned in September, we must now add another almost 5 GW during the month of October. As of October 31st 2020, the number of renewables’ plans with access permits has risen to 121.7 GW. This means only a further 0.5 GW have obtained the access point, a clear sign the transport network is fairly saturated.
Spain has lost its first case in an international arbitrage court, namely the World Bank’s Ciadi, related to the cuts applied to the renewables remuneration from 2010. The ruling is in favour of the UK Company Eiser Infrastructure Ltd. and its Luxembourg subsidiary Energy Solar Luxembourg,
Mari Pinardo | Spain has the capacity to produce much more electric energy than we can consume. On average we use 35,000 megawats and have 100,000 installed. So why is our electricity bill higher than our European partners?
There is no question about the importance of the renewables auction due to take place between now and June if we take into account that installed renewables power in Spain (excepting hydraulic) is 31.216 Mw. So in other words, the new installations will increase this energy park by 10%.
Spain’s renewable energy market is expected to see further consolidation activity in 2016, with transactions estimated at around €4 billion euros, in line with a year earlier. The fragmented nature of the industry and asset disposals by European firms will fuel M&A.