Solar and onshore wind get 1 gigawatt each while floating offshore wind seeks foothold. Spain has launched a tender for up to 3.18 gigawatts of renewable generation in its first auction under a pay-as-bid model introduced earlier this year. The model, similar to the contracts-for-difference program used in the U.K., aims to correct problems with […]
I Squared Sells Grupo T-Solar to Cubico for $1.8 Billion
Infrastructure investment manager I Squared Capital has agreed to sell Grupo T-Solar to Cubico Sustainable Investments Ltd. for 1.5 billion euros ($1.8 billion). T-Solar has 274 megawatts of installed and regulated solar power capacity in Spain and Italy, according to an emailed statement from I Squared. The internal rate of return for the deal was […]
Spanish Energy Giants Call for Clean Hydrogen Funding and Rules
Spanish PM announces $1.8 billion funding for green hydrogen Hydrogen requires less public funding than renewables once did Spain could become a renewable hydrogen powerhouse but will need public funding and a favorable regulatory framework, the country’s energy majors told the government. Top executives at Repsol SA, Naturgy Energy Group SA and Iberdrola SA came […]
Sterling and Wilson Solar opens new office in Spain
New Delhi: Shapoorji Pallonji Group firm Sterling and Wilson Solar on Monday said it has opened a new office in Spain to focus on Europe”s growing solar market. The office, located in Seville, will be its headquarters for its European operations serving and tapping markets like Portugal, Spain, Italy, Poland, among others, the company said […]
Spain Could Become Green-Ammonia Exporter With Hydrogen Project
Spanish power company Iberdrola SA and fertilizer maker Fertiberia SA have proposed a 1.8 billion-euro ($2.1 billion) plan to turn the country into an exporter of ammonia made exclusively with renewable energy. The pair outlined their green-hydrogen partnership on Wednesday, aiming to decarbonize the production of the compound currently made at fossil-fuel powered chemical plants. […]
JA Solar Supplies Modules for the First Floating PV Plants in Spain and Malaysia
BEIJING : JA Solar recently announced that it supplied all photovoltaic (PV) modules for Spain’s first grid-connected floating solar plant which is located in the Sierra Brava reservoir in the Extremadura region. This project has been successfully connected to the grid and put into operation. The 1.1MW project adopts JA Solar mono-facial and bifacial modules […]
Spain Sets a $10.5 Billion Goal for Green Hydrogen
Spain is stepping up its efforts to enter the race to build a hydrogen industry, putting it on par with France and Germany in seeking a greener fuel for heavy industry. The government in Madrid has a roadmap to build 4 gigawatts of green hydrogen capacity by 2030 and is expected to announce Cabinet approval […]
EIB invests €43.5million to finance solar project in Andalusia, Spain
Despite the COVID-19-related lockdown in Spain, over 85% of the construction plan was successfully completed by May 2020. The European Investment Bank (EIB) is investing €43.5 million to finance the largest solar project in Andalusia and one of the most powerful in Spain. Despite the COVID-19-related lockdown in Spain, over 85% of the construction plan […]
Spain and Sweden are Europe’s cheapest markets for PPA: BNEF report
Spain and Sweden have the cheapest power purchase agreement (PPA) prices in Europe for wind and solar energy, according to data from Bloomberg NEF’s (BNEF) 1H 2020 European Corporate PPA Price Survey. Sweden, with prices set around €30.50/MWh, is the cheapest market for onshore wind corporate PPAs. In the solar market, Spain is the cheapest, […]
Europe Was at the Start of a Huge Solar Rebound. Does Coronavirus Threaten That?
Construction delays are manageable, supply-chain worries appear unfounded and low-risk solar investments may shine in an uncertain climate, experts say. Europe’s solar renaissance looks set to continue blossoming despite the impact of the coronavirus and falling power prices, experts and investors say. A combination of new competitive tenders and the increasingly favorable economics of solar […]