Nicolas Navas

🔌 Electricity Interconnections in the EU: Addressing the Iberian Peninsula Challenge 🌍 Alfonso Arroyo Gonzalez, FEDARENE Vice-President for Renewable Energy Sources and Energía JCyL 's Director discusses the pressing issue of electricity interconnections in the Iberian Peninsula. With interconnection levels below EU targets, projects like Bay of Biscay and new Spain-France links are crucial for #EnergySecurity and a #SustainableFuture. Discover how these will boost the EU’s energy market and climate goals. 👇

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🌞 $0.9mn/MW Valuation! Does Amperisol Renewables' Recent Solar Acquisition in Spain Align with Comparable Transactions? Indeed, it does. Here's a closer look: Amperisol Renewables acquired a 54.78 MW solar project in Southern Spain from Greening Group for $0.9mn/MW, with an expected COD within a year and a long-term corporate PPA. To substantiate this alignment, we refer to comparable transactions from the Enerdatics M&A database: -- In Oct'23, Allianz acquired a 300 MW portfolio from Grenergy at $0.9mn/MW. -- In Nov'23, Pontegadea bought a stake in a 220 MW portfolio from Repsol at $1.05mn/MW. These examples demonstrate that Amperisol's recent acquisition is consistent with current market valuations, confirming the alignment with observed trends. #RenewableEnergy #SolarEnergy #EnergyTransition #GreenEnergy #SustainableInvestment #Renewables #SolarPower #Amperisol #Greeninggroup #Allianz #Grenergy #MergersAndAcquisitions #InvestmentTrends #Enerdatics #EnergyValuation #SolarProjects #SpainRenewables #MarketInsights

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Mirova, part of Natixis Investment Managers, has signed an agreement to acquire a portfolio of ready-to-build clean energy projects in Spain. The RTB assets comprise two solar PV parks with a total capacity of nearly 60 MWp, with a potential additional storage capacity up to 30 MW/120MWh. The construction-ready projects will be located in the municipality of Mahon in Menorca Island and have been developed by Qualitas Energy and Q-Impact. “These renewable energy assets are expected to drive impactful change and will contribute to shape a resilient, greener future in the Balearic Islands,” said Hélène Dimitracopoulos, Investment Director at Mirova. “We are thrilled by this opportunity to strengthen our presence in Spain, relying on Qualitas Energy and Q-Impact’s strong experience and anchorage in Menorca.” Mirova executed the deal on behalf of the Mirova Energy Transition 5 (MET5) fund. “The development of these projects highlights the importance of the public and private collaboration in order to guarantee the required investments to foster the energy transition,” noted Pablo Valencia, Managing Partner at Q-Impact. “Q-Impact and Qualitas Energy have been working in these projects since 2019, developing them with the utmost respect of social and environmental factors. "The scale of these projects will kickstart a real energy transition in Menorca, significantly limiting the current emissions and pollution of the Mahon thermal plant." Mirova was advised by Astris Finance, LLC (financial), CMS-ASL and Linklaters LLP (legal), Vector Renewables and Everoze (technical), WTW (insurance). Qualitas Energy was advised by PwC (financial), Gómez-Acebo & Pombo as (legal), and G-advisory (technical). Construction work on the RTB assets is slated to begin in mid-2024, with a commissioning date planned in early 2026. #cleanenergy

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🌞💼 245 MW of Proteus PV Inverters to Repsol 🌞💼   We are thrilled to announce our partnership with Repsol to supply 245 MW of solar inverters for their solar plants in Spain! 🇪🇸   Our CEO, Juan Barandiaran, highlighted: “Our collaboration with Repsol on these PV projects underscores the competitive edge of our Proteus inverters in large-scale projects. With power up to 4700 kVA per unit and efficiency levels at 99.4%, Proteus inverters are designed to optimize project costs and enhance energy production.”   🌟 Specifically, the supply comprises a total of 30 units of Proteus PV Station 9000 and 4 units of Proteus PV Station 4500 for a total of 64 Proteus PV inverters together with 3 Gamesa Electric Orchestra plant controllers   Let's keep growing together in a more sustainable world 🌱 #GamesaElectric #Repsol #RenewableEnergy #ProteusPV #Inverters

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The European Investment Bank (EIB) and Naturgy have finalised a €1 billion loan agreement to support the expansion of renewable energy in Spain. The funding will be directed toward the development of new solar and onshore wind power projects, the modernisation and hybridisation of existing facilities, and a number of investments in battery storage assets. Naturgy signed an initial €400 million tranche of the EIB loan last week in Madrid. “The financing agreement we have signed with the EIB once again demonstrates and validates our commitment to the energy transition and to advancing the decarbonisation of the Spanish economy,” said Francisco Reynés Massanet, Executive Chairman of Naturgy. “I would like to highlight the work done by Naturgy’s finance team led by Steven Fernandez to reach this agreement. The implementation of these investments will also enable the creation of thousands of jobs in what is known as ‘empty Spain,’ which will result in greater territorial cohesion in Spain.” The investment is expected to increase Spain’s renewable energy generation capacity by 2.3 GW. EIB Director General and Head of EU Lending and Advisory Jean-Christophe Laloux, noted: “This important financing agreement with Naturgy reflects the EIB’s strong commitment to supporting Europe’s energy transition. “When complete, this project should generate enough green electricity to power more than 1 million homes, contributing also to our energy security and strategic autonomy.” #cleanenergy

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Spanish PV group Sivortex is set to revolutionize the renewable energy landscape with their ambitious Actuel Solar project in Teruel, Spain. This innovative initiative will combine 100 MW of photovoltaic generation with 200 MWh of liquid CO2 storage, offering a cutting-edge solution for energy stability and sustainability. Key Highlights: - Innovative Energy Storage: The project will replace conventional batteries with an industrial system that stores excess solar generation through the thermodynamic transformation of CO2. This system efficiently converts gas to liquid for storage and then back to gas to generate electricity at night. - Massive Investment: Sivortex plans to invest €120 million to build this groundbreaking plant, which will occupy 274 hectares in the La Paz business park. - Shared Self-Consumption: The project aims to provide stable, low-cost energy to local companies, boasting the largest PPA (Power Purchase Agreement) in the European Union. - Local Engagement: Since the project's announcement, there has been a surge of interest from local companies wanting to invest and participate, highlighting strong community and industry support. Sivortex CEO Carlos Badía shared, "We are receiving requests from companies in the area that want to invest in the project. This overwhelming interest underscores the project's potential to transform energy consumption and storage." This visionary project showcases how innovative energy storage solutions can enhance the efficiency and sustainability of renewable energy, paving the way for a greener future. 🔗 Read more about the Actuel Solar project: https://lnkd.in/dxDJ_RPR #RenewableEnergy #SolarPower #EnergyStorage #SustainableFuture #CleanEnergy #Innovation #GreenTechnology

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🌞 𝐂𝐮𝐛𝐚 𝐢𝐬 𝐬𝐞𝐭 𝐭𝐨 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐭𝐬 𝐬𝐨𝐥𝐚𝐫 𝐞𝐧𝐞𝐫𝐠𝐲 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 𝐚𝐢𝐦𝐞𝐝 𝐚𝐭 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐢𝐭𝐬 𝐞𝐧𝐞𝐫𝐠𝐲 𝐦𝐚𝐭𝐫𝐢𝐱 𝐚𝐧𝐝 𝐞𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧𝐭𝐲. According to Rosell Guerra, Director of Renewable Energy at the Ministry of Energy and Mines (Minem), the country plans to boost its electricity generation capacity by over 2,000 megawatts with the completion of two large photovoltaic solar park projects. This increase represents a sevenfold expansion from the current capacity of 286 megawatts as of the end of July. The initiative will also incorporate technologies enabling the use of solar energy beyond daylight hours, including the addition of 200 MW of energy storage capacity through battery banks. This is a substantial rise from the current 10 megawatts of storage. The program aims to reduce the annual consumption of approximately 900,000 tons of fuel and achieve 24% renewable energy participation by 2030. The effort is supported by the coordination between the National Electrical Union, other ministries, and provincial governments to bring the photovoltaic development vision to fruition. 📌 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬 𝐨𝐧 𝐂𝐮𝐛𝐚'𝐬 𝐚𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐬𝐨𝐥𝐚𝐫 𝐞𝐧𝐞𝐫𝐠𝐲 𝐠𝐨𝐚𝐥𝐬? 🌍🔋 Share your opinions in the comments! #CubaEnergy #SolarPower #RenewableEnergy #SustainableFuture #EnergyTransition #GreenEnergy #SolarRevolution

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Grenergy Renovables is set to expand its Oasis de Atacama project in Chile after acquiring 1 GW of solar capacity from Repsol and Ibereólica. The deal is valued at $128 million and will enable Grenergy to significantly scale up both the battery storage and solar generation capacities of the flagship project. Upon completion, the battery storage capacity will increase from 4.1 GWh to 11 GWh, and the solar PV generation capacity will double from 1 GW to 2 GW. David Ruiz de Andrés, Executive Chairman of Grenergy, commented: "This is just the first step of what is to come. Battery investments are going to multiply globally, and this project will allow us to be a benchmark in the sector." The acquisition includes a 77 MW solar project and 923 MW of photovoltaic projects at various stages of development. Additionally, a 1 GW interconnection line is already constructed and operational, simplifying the connection of the new projects under development. Located in Chile, Oasis de Atacama is expected to generate around 5.5 TWh of energy annually, which will be supplied during non-solar hours. The project is advancing as planned, with the first phase expected to be operational by the end of 2024. The remaining phases are projected to come online between 2025 and 2026. Grenergy has already secured agreements to sell the energy generated from the first four phases, with further negotiations in advanced stages for the remaining phases. #cleanenergy

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The NextPower V ESG (NPV ESG) fund, managed by NextEnergy Capital, has entered into a binding agreement to acquire a 12-project portfolio of solar PV plants in Spain totalling 248 MW. Aldo Beolchini, CIO and Managing Partner at NextEnergy Capital, said: “NPV ESG continues to go from strength to strength, this latest investment in Spain shortly follows the recent acquisition in Poland which again demonstrates NEC’s ability to deploy capital quickly and efficiently, whilst also highlighting NEC as a market leader in the solar space with over 360MW of capacity added to NPV ESG in the last twelve weeks.” NPV ESG’s portfolio currently includes 348 MW of assets in construction, 116 MW in operation, and over 500 MW in exclusivity or advanced negotiation. “We are delighted with the binding agreement to acquire this sizable Spanish Portfolio,” added Antonio Salvati, Managing Director NextPower V ESG at NextEnergy Capital. “NEC currently manages c.500MW of operating solar assets in this geography which remains an attractive market to deploy capital. We expect to continue investing in Iberia through our Madrid office and as NPV ESG currently has multiple additional projects under advanced negotiation in the region.” NEC is continuing to fundraise with a number of investors currently in due diligence, aiming for NPV ESG’s target of $1.5 billion, with a $2 billion hard cap. #cleanenergy

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Statkraft Finalizes Acquisition of Elecnor’s Subsidiary Enerfin On November 17, 2023, Statkraft signed an agreement with the Spanish company Elecnor to acquire its renewables subsidiary, Enerfin. This transaction has now been finalized. The portfolio presents significant opportunities for repowering wind farms, hybridization, and battery storage. Additionally, the acquisition enhances market operations in both Spain and Brazil. As previously announced, Statkraft plans to divest the Enerfin portfolio in Canada, the US, Colombia, Australia, and Chile. This acquisition significantly enhances Statkraft’s scale and strengthens its position in Spain and Brazil. The deal adds a portfolio of 1.5 GW of wind and solar power projects, both operational and under construction, […] Read the full story here: https://lnkd.in/g-25cwZH #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #acquisition #enerfin #europe #renewableenergy #spain #statkraft

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Bolivia’s Ende Guaracachi Launches Tender for 20 MW Viru Viru Solar Project Ende Guaracachi, a subsidiary of Bolivia’s state energy company Ende Corporación, has announced a tender for the development of the 20 MW Viru Viru solar project. This new solar plant will be located in the department of Santa Cruz and is expected to require an investment of approximately $24 million. Operations are slated to begin in 2025. In addition to the Viru Viru project, Ende Guaracachi is advancing the expansion of the existing Uyuni photovoltaic solar plant. This expansion will increase the plant’s capacity from its current 60 MW by an additional 2.5 MW. Last January, Ende Guaracachi revealed plans […] Read the full story here: https://lnkd.in/g5EJeADq #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #bolivia #endeguaracachi #latinamerica #solarprojects #southamerica

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Storage, hydrogen, and demand flexibility key to avoiding negative prices: Antonio Delgado Rigal, CEO of Spain's AleaSoft Energy Forecasting, speaks with pv magazine about the rise in negative price hours in major European energy markets. He emphasizes the need for more storage capacity and argues that negative price periods will probably not threaten project profitability over the long term. #Renewables #Energy #Technology

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𝗠𝗼𝗻𝘁𝗲𝗹 𝗶𝘀 𝘁𝗵𝗿𝗶𝗹𝗹𝗲𝗱 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 OMI - Polo Español (OMIE), OMIP - The Iberian Energy Derivatives Exchange and OMIClear - The Iberian Energy Clearing House 𝗮 𝗽𝗮𝗿𝘁𝗻𝗲𝗿 𝗳𝗼𝗿 our Iberian Energy Day conference taking place tomorrow.   🤝 We are looking forward to collaborating with OMI - Polo Español (OMIE), OMIP - The Iberian Energy Derivatives Exchange and OMIClear - The Iberian Energy Clearing House and bringing together industry experts, thought leaders, and professionals for engaging discussions and networking opportunities. #renewables #energysector #energydays #europe #marketinsights

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#Naturalgas is destined to play a leading role in the #energytransition towards sustainability, not just at a European level, but worldwide. This is the main message of Angel Crespo, CEO of MET Energía España in his op-ed article published by leading Spanish business daily newspaper elEconomista.   Writing about the challenges, Angel Crespo explains that Europe “must consider the current energy trilemma, which is characterized by the need to ensure three main issues: supply security, affordable prices, and an orderly decarbonization of the economy”.   As for the decarbonization process, the CEO is convinced that natural gas will maintain its advantages: “Being a reliable, safe and accessible source of energy, with an extensive infrastructure and a competitive price signal, which currently makes it the most sustainable option for the energy-intensive industry. Likewise, it will consolidate itself as an energy backup that allows guaranteeing the orderly development and implementation of #renewableenergies, without compromising the industry.” https://lnkd.in/d6HJY8t9

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Iberdrola has obtained a favourable Environmental Impact Statement (EIS) for the Alcántara II reversible hydroelectric pumping station, located in Extremadura, southwest Spain. The Ministry for Ecological Transition and the Demographic Challenge issued the resolution for the major infrastructure project. The Alcántara II plant will have a capacity of 440 MW and reversible energy storage of 16 million kWh, which equates to the daily electricity consumption of over 4 million people. The facility will be capable of providing up to 37 hours of continuous operation at full load. In addition, the project is expected to generate over 1,000 GWh per year, avoiding an estimated 355,000 tonnes of CO2 emissions per annum, With a favourable EIS and a grid access permit in place, the project now awaits the issuance of the prior administrative authorisation. Last July, the project received €44.9 million from the Institute for Energy Diversification and Saving (IDAE). It was recognised as the best proposal in terms of economic viability and technical characteristics, securing maximum aid per installed capacity under the European Union’s Next GenerationEU Recovery, Transformation, and Resilience Plan. “Today, pumped hydro is the most efficient large-scale storage system available,” Iberdrola said in a statement. “It allows the storage of surplus energy from unmanageable renewable energy sources, solar and wind, to be delivered at the times when it is most needed, providing stability to the electricity system, as it can generate significant amounts of clean energy with a very fast response time.” #cleanenergy

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🗣 Our Head of System Development Miguel de la Torre Rodríguez speaks today at 'Solarplaza Summit Energy Storage Spain 2024' about the challenges that #RedEléctrica faces for the expansion and modernization of the transmission grid, and points out 👇 🎙️ “Red Eléctrica successfully integrates most of the renewable energy in the Spanish power system. One of the main success factors is the application of advanced tools to maximize grid use by applying very fast remedial actions” 🔗 https://lnkd.in/exBawUcF

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