NewEnergyNews: SPANISH WIND COMES BACK

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    Founding Editor Herman K. Trabish

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  • TODAY AT NewEnergyNews, February 20:

  • TODAY’S STUDY: Using Economics To Grow Energy Efficiency Habits
  • QUICK NEWS, February 20: Cities’ Climate Fight Sets Goals; Solar On Every Roof; Wave Power For Ocean Water Desalination

    Friday, June 12, 2015

    SPANISH WIND COMES BACK

    Iberian Wind Energy Companies Generate Investor Interest; Potential deals would serve to revive an industry that was thrown into disarray two years ago

    Christopher Bjork, June 9, 2015 (Wall Street Journal)

    “…Foreign investors are [embracing Spain’s wind industry for thesteady yields…Global Infrastructure Partners became an early mover when it paid €208 million ($234 million) for a 24.4% stake in Saeta Yield SA, a Spanish wind-farm operator that went public in February. Dealogic, a firm that tracks deals, has counted eight smaller transactions involving Spanish solar and wind energy companies during the first five months of the year, two more than during all of 2014…In addition, at least seven midsize wind-energy companies in Spain and Portugal are considering or negotiating a sale after being approached by investors…If concluded, the deals would serve to revive an industry that was thrown into disarray two years ago when a recession prompted the Spanish government to slash subsidies for wind and solar energy plants. Now an economic recovery and expectations that the government won’t make further subsidy cuts are attracting investors…” click here for more

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