The agreement foresees the construction of between eight and twelve floating foundations per year between 2027 and 2031, supporting 1,000 direct jobs in Fene and Puerto Real. Ocean Winds, an offshore wind energy company based in Madrid and created as a joint venture between EDPR and ENGIE, has signed a reserved capacity agreement with Navantia … Continue reading Ocean Winds will contract Navantia Seanergies floating platforms and other elements for offshore wind farms
Continue readingTag Archives: España
The EU raises the renewables target for 2030 from 32 to 42.5%
The European Union will update its Directive on Renewable Energy to increase the implementation objective until 2030, which will go from 32% to 42.5% in 2030 and will introduce, in a stable manner and not exceptionally as up to now, the obligation that Member States speed up the administrative process to authorize the installation of … Continue reading The EU raises the renewables target for 2030 from 32 to 42.5%
Continue reading
Iberdrola contributes more than 20 million euros a day to public coffers
In line with its commitment to society and to the countries in which Iberdrola operates, the company contributes more than €20 million per day to public administrations, according to the Fiscal Transparency report published today. The positive impact of Iberdrola’s activity on society is reflected, in addition to its commitment to a sustainable model that … Continue reading Iberdrola contributes more than 20 million euros a day to public coffers
Continue reading
Iberdrola and Haizea Wind Group sign a €200 million contract for offshore wind power
Scottish Power, an Iberdrola group company, and Haizea Wind Group, a world leader in the manufacture of wind towers, have today signed a framework agreement worth over €200 million for Haizea Bilbao to supply 50 monopiles to the East Anglia Three offshore wind farm in the United Kingdom from its facilities in the Port of … Continue reading Iberdrola and Haizea Wind Group sign a €200 million contract for offshore wind power
Continue reading
Wind energy production breaks records in several European markets
In the second week of March, prices of almost all European electricity markets fell compared to the previous week, influenced by the decrease in electricity demand and gas prices, as well as by the general increase in wind energy production. Regarding the production with this technology, on March 9 and 10 record hourly values were … Continue reading Wind energy production breaks records in several European markets
Continue reading
Siemens Gamesa opens an offshore wind energy center in Spain
Siemens Gamesa bets on Sarriguren to open an offshore wind center in Spain. Its teams will be located both in the offices of the City of Innovation in Navarra and in Zamudio (Bizkaia). This initiative will strengthen the R&D capacity of Siemens Gamesa in Spain, where one of the company’s largest centers in this field … Continue reading Siemens Gamesa opens an offshore wind energy center in Spain
Continue reading
EU electricity market design: Council and Parliament must stick to targeted reform
he European Commission has proposed a targeted revision of the EU’s electricity market design. It makes Contracts-for-Difference the new norm for supporting renewables investments. It also allows investors to sell their electricity via Power Purchase Agreements or directly on the electricity market. And it actively supports the growth of PPAs. The Council and Parliament must … Continue reading EU electricity market design: Council and Parliament must stick to targeted reform
Continue reading
Ingeteam plans to hire 1,000 people and become a leader in technology to electrify society
Ingeteam today presented its new strategic plan for 2022- 2024, which aims to consolidate its position as a leader in power conversion technology, which makes the electrification of society possible. It is a plan for growth (in terms of turnover and staff) and investment (both in technology and facilities). The plan anticipates the creation of … Continue reading Ingeteam plans to hire 1,000 people and become a leader in technology to electrify society
Continue reading
Wind power installs 1,670 MW in Spain about to reach the milestone of 30 GW wind
Installed wind power in Spain reaches 29,813 MW with 1,670 new MW in 2022, doubling the figure installed the previous year, although at a rate below what is necessary to achieve the objectives of the National Integrated Energy and Climate Plan (PNIEC). The annual installation rate should incorporate 2,500 MW of wind energy per year. … Continue reading Wind power installs 1,670 MW in Spain about to reach the milestone of 30 GW wind
Continue reading
Price rises in European electricity markets at the beginning of March
In the first week of March, prices of most European electricity markets rose compared to the previous week, influenced by the increase in demand caused by the drop in temperatures. Regarding the photovoltaic energy production, on March 2 a record was reached in Portugal and on the 3rd the highest in a month of March … Continue reading Price rises in European electricity markets at the beginning of March
Continue reading
Europe needs stronger wind supply chain and clear investment signals
The European Commission is preparing a Net Zero Industry Act and changes to Europe’s Electricity Market Design. CEOs of Europe’s leading energy companies say it’s essential to get the detail right in these proposals. Francesco Starace, CEO Enel: “The energy transition must accelerate if we want to deliver stable, secure and competitive electricity to our … Continue reading Europe needs stronger wind supply chain and clear investment signals
Continue reading
Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
The companies plan a joint investment of €1 billion in 11,700 fast charging points, expanding the infrastructure necessary for the development of electric mobility in Spain and Portugal. Iberdrola and bp today signed a strategic alliance to accelerate the energy transition in sustainable mobility. The companies, which announced their intention to form a joint venture … Continue reading Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
Continue reading
EDPR scales up global ambition with growth plan of more than 4GW/year
EDPR will invest 20 billion euros until 2026 to boost renewable additions, forecasting to add more than 4GW per year in capacity during this period and doubling installed capacity in Solar Utility Scale and Wind. Growth partially funded by a 1bn capital increase. EDPR today presented its revised Business Plan 23-26 in London, forecasting … Continue reading EDPR scales up global ambition with growth plan of more than 4GW/year
Continue reading
Naturgy advances in the construction of the second wind farm in Extremadura
The Minister of Ecological Transition and Sustainability of the Junta de Extremadura, Olga García, and the mayor of Plasencia, Fernando Pizarro, visited today the works of the Merengue II wind farm and the Puerta del Jerte photovoltaic plant, which the energy company is promoting in the plasentino municipal term.The Merengue II wind turbines will be … Continue reading Naturgy advances in the construction of the second wind farm in Extremadura
Continue reading
Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
Second consecutive week of price falls in most European electricity markets. In the fourth week of February, prices of most European electricity markets fell compared to the previous week, influenced by the decrease in gas prices and the drop in demand in various European markets. On the other hand, on February 21, TTF gas futures … Continue reading Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
Continue reading
EDP Renewables recurring net profit increased 2% in 2022
EDPR invested over five billion euros in 2022 to accelerate the energy transition, almost doubling gross investment year-on-year. Renewable generation growth and asset rotations completed contributed to recurring net profits of €671 million. EDP Renewables (EDPR), the fourth largest producer of wind and solar energy globally, ended 2022 with a 2% growth in its net … Continue reading EDP Renewables recurring net profit increased 2% in 2022
Continue reading
The development of offshore wind power in Spain represents considerable progress in the energy transition
The Spanish wind sector celebrates the approval of the Royal Decree that regulates the Maritime Space Management Plans (POEM) The development of offshore wind power in Spain represents considerable progress in the energy transition and an opportunity for the country and for coastal communities due to the socioeconomic benefits that wind farms will bring with … Continue reading The development of offshore wind power in Spain represents considerable progress in the energy transition
Continue reading
Repsol has acquired three wind farms and two solar plants from the promoter and developer ABO Wind
Repsol has reached an agreement with the promoter and developer ABO Wind to add 250 MW of renewable assets in Spain through the purchase of three wind farms and two solar plants. With the acquisition of these projects, the multi-energy company’s renewable porfolio in Spain now totals 3,200 MW in operation, under construction and at … Continue reading Repsol has acquired three wind farms and two solar plants from the promoter and developer ABO Wind
Continue reading
Decline in demand and gas prices lead to a fall in prices in European electricity markets
In the third week of February, prices of almost all European electricity markets fell compared to the previous week due to the decrease in demand and gas prices, as well as the increase in wind and solar energy production in some markets. On the other hand, TTF gas futures reached the lowest settlement price since … Continue reading Decline in demand and gas prices lead to a fall in prices in European electricity markets
Continue reading
Record investments of €10.73 bn enable Iberdrola to achieve a net profit of €4.3 bn
Financial Highlights Business Model Resilience in the challenging macro context Operational Highlights ESG Performance 2023 outlook Iberdrola continues to take firm steps in its commitment to accelerate the energy transition and reduce dependence on fossil fuels. The company made historic investments of €10.73 billion, 13% more than in the same period last year, despite inflationary … Continue reading Record investments of €10.73 bn enable Iberdrola to achieve a net profit of €4.3 bn
Continue reading