Subsidy-free projects, corporate deals, competitive tenders and green-minded politicians. Europe’s rebounding solar market has it all. Europe’s long solar winter has come to an end. After a multi-year period of depressed installations, Europe’s annual solar market is set to double over the next few years, and do so in a sustained manner, according to new […]
Assured Guaranty Wraps First Guaranteed Solar Bond Transaction in Spain
€207 million guaranteed debt refinancing of nine solar plants in Spain LONDON: Assured Guaranty (Europe) plc (AGE)* announced that it has guaranteed principal and interest payments on approximately €207 million of bonds issued on 18th June 2019 by Izcalli Investments, S.A.U., an entity majority owned by the Q-Energy Group, a leading European investor and asset manager […]
New Ground: Spanish Firm Signs PPA for Crowdfunded Solar Plant
Europe’s first large-scale solar power-purchase agreement for a crowdfunded project comes as renewables contracts reach new heights of innovation. A Spanish firm has broken new ground in the complex world of solar contracting with what is thought to be Europe’s first large-scale power-purchase agreement for a crowdfunded plant. Holaluz, a clean-energy retailer, signed up to […]
CANADIAN SOLAR SIGNS 500 MW MODULE SUPPLY CONTRACT FOR PROJECTS IN SPAIN
GUELPH, Ontario: Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has signed a module contract with the global solar power company Solarcentury to supply 500 MW modules to Solarcentury’s two projects ‘Cabrera’ (200 MW) and ‘Talayuela Solar’ (300 MW) in Spain. […]
Spain calls on EU to assess potential carbon tax on power imports
Spain’s acting government has called on the European Union to assess a potential carbon tax on power imports to protect the bloc’s interests and help it to pursue its environmental targets amid growing public concern over climate change. In a letter sent to their counterparts in the European Commission last week, Energy Minister Teresa Ribera […]
Ardian close to buying Cerberus-owned wind farms in Spain: sources
MADRID: French investment fund Ardian is close to buying wind farms from Spanish renewables group Renovalia in a 550 million euro ($617.87 million) deal, two sources with knowledge of the deal said, marking a move into green energy where buyer interest is hotting up. Renovalia has been owned by U.S. private equity fund Cerberus since […]
Renewable Investors Breathe Easy After Spanish Elections
Spain’s once-thriving renewables market has seen a recent resurgence, and this weekend’s election points to happier days ahead. Clean energy advocates celebrated after a pro-renewables party got the highest share of the vote in Spanish elections over the weekend. The center-left Spanish Socialist Workers’ Party (Partido Socialista Obrero Español, or PSOE) picked up almost 29 […]
Solarcentury sells majority stake in 200MW development in Seville, Spain
Valencia: Solarcentury, the global integrated solar power company, today announces that it has sold a majority stake in four large-scale solar farms in Alcalá de Guadaira in the Spanish region of Seville, amounting to a significant 200 MWp of solar power. Construction is scheduled to begin in Summer 2019 following full financial close of the […]
Gonvarri’s Solar Steel to deliver RackSmarT to Nuñez de Balboa PV project in Spain
Solar Steel, a division of Spanish Gonvarri Steel Services, is supplying 500 MW of its RackSmarT fixed tilt structure to the Nuñez de BalboaPV project. After completion, the facility will become the largest PV plant installed to date in Europe. A total of 1.430.000 PV modules will be assembled on the structures, which will generate […]
Spain’s ACS weighs renewables unit IPO
Global demand for renewable power is expected to soar over coming decades as governments and companies move to tackle climate change by curbing greenhouse gas emissions, helped by falling technology costs MADRID: Spanish building firm ACS has hired banks to help it decide whether to list its renewable energy unit, to take advantage of competitive […]