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GE wants to close the Ortuella plant in Bilbao

17/07/2017

General Electric´s Hydro division has recorded for several years, and especially in 2016, a decline in revenues and negative operating results, as the company itself has acknowledged. Therefore the firm will take steps to reduce costs and simplify its organization among which it intends to close the Ortuella plant in Bilbao, with the possible relocation […]

Spain puts pressure for the Winter Package to include urgent measures on interconnections

06/07/2017

Minister of Energy, Tourism and Digital Agenda, Álvaro Nadal, participated on Monday in the European Union´s Council of Ministers of Energy held in Luxembourg, where Member States have adopted a common position on the two proposals for directives on energy efficiency and have reviewed the situation of the other proposals of the so-called Winter Package. […]

 

APPA and UNEF answer to Nadal: renewables produce savings for the system and the consumer

21/06/2017

Renewables produce savings: the savings produced by renewables between 2005 and 2015 amounted to 77.25 billion euro, while the compensation received was 44.386 billion. This data was recalled by APPA to answer Alvaro Nadal, who said on Monday that the electricity bill would be a third cheaper if the development of the renewables had been […]

Neoenergia and Elektro merger creates a new electric leader in Brazil and Latin America

20/06/2017

Neoenergia´s shareholders -Iberdrola (39%), Caixa de Previdência dos Funcionários do Banco de Brasil (Previ) (49%) and BB Banco de Investimentos (Bank of Brazil) (12%) – have reached an agreement by virtue of which the company will incorporate the activity and business of Elektro, Brazilian subsidiary of Iberdrola2. In this way, the merger of Neoenergia and […]

 

The Energy budget amounts to 4.247 million euro

14/06/2017

The Minister of Energy, Tourism and Digital Agenda, Álvaro Nadal, yesterday advocated for his department´s budgets. For 2017 the Ministry has 5,264 million euro, which is practically the same amount of the adjusted budget of 2016 while the Energy budget amounts to 4,247 million euro.

The increase in auctions suggests a greater interest in the PPAs

13/06/2017

Power Purchase Agreements (PPAs) or bilateral contracts for the purchase-sale of electricity are very new contracts still in Spain, but which generate great interest especially among investors in renewable energies. These contracts have their conditions set out by the parties in the long term with a fixed or variable price, and do not involve any […]

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