Spain’s Balearic Islands proposes ambitious 100% renewable energy law
Blasting the Spanish Government for its lack of renewables action, the Balearic Government has today issued an ambitious Climate Change Law designed to kick start a renewable energy transition on the four islands of Mallorca, Menorca, Ibiza and Formentera. Overall, it aims to cover 100% of energy demand with renewables by 2050. 230 MW of solar PV are alerady in the pipeline.
Guggenheim: Sale of CAFD, NYLD casts doubt on the yieldco space
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
The rebirth of Spain’s solar sector: 135 MW of new PV systems installed in 2017
While expecting the deployment of several GWs, which were allocated in this year’s auction, Spain’s solar demand grew by 145% last year. Most of the 135 MW installed last year comes from self-consumption and off-grid projects.
Ellomay secures financial hedge for 300 MW solar project for Spanish spot market
The Talasol project, which the Israeli solar company acquired in May, plans to sell power to the Spanish spot market starting from 2020. The financial hedge will cover the supply of between 3,500 GWh and 3,700 GWh for a 10-year period.
Grupo T-Solar issues €118.4 million in bonds to refinance 11 PV projects in Spain
The Spanish solar power producer and developer has announced it will refinance 11 of its Spanish projects with its first unrated bond issuance.
Spain’s Canary Islands to launch 100 MW solar auction this year
The government of the Spanish archipelago, which also announced a 300 MW wind power auction for this year, aims to cover 45% of its energy needs with renewables by 2025.
OPDE plans 50 MW solar plant in southern Spain
The Spain-headquartered EPC has submitted a proposal for approval to build a solar park in Mérida, in the region of Extremadura.
Spain: Castilla-La Mancha green lights 50 MW solar project
The government of the Castilla-La Mancha region has also provided around €320,000 in incentives for small and middle-sized enterprises that install wind and solar power generators.
Foresight announces Spain’s first solar PPA
The British investement firm said its 3.9 MW solar facility currently under construction in the southern region of Murcia will sell electricity to the power provider Energya-VM under a 10-year PPA.
Spain’s Extremadura region prepares to host another giant solar plant
The new 300 MW project is being planned by U.K.-based Solarcentury, Spanish developer Genia Global Energy, and France’s Canopy.
