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Reuters: Spanish power company Naturgy plans to invest up to $1.8 billion in the United States after making its first push into the U.S. market with a deal to buy a solar energy developer, the company said on Friday. Naturgy plans to make the investments over a five-year period, it said, announcing the acquisition of […]
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ReNews.biz: Encavis has connected a 300MW photovoltaic plant to the Spanish grid. Connection of Talayuela, follows the connection of the 200MW La Cabrera project in November 2020. The completion of both solar projects takes Encavis’ Spanish portfolio of operational renewable solar assets to 500MW. Encavis will generate subsidy-free electricity sales of €36m in 2021 and […]
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Renewables Now: Spain produced 43.6% of its electricity with renewables energy technologies in the year to December 11, Spanish grid operator Red Electrica de Espana (REE) said in the summary of its 2020 forecast report. The figure represents the highest proportion of renewables in Spain’s power mix since the records began in 2007, REE noted. […]
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Reuters: Spanish utility Naturgy and gas system operator Enagas are joining forces to build a plant capable of making 9,000 tonnes a year of clean hydrogen, a fuel that policymakers hope can help slash carbon emissions from industry. Replete with sunny plains and well-developed gas infrastructure, Spain is keen to lead an international effort to […]
Press Release, Arjun Flora and Gerard Wynn
Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellers
December 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]
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S&P Global Market Intelligence ($): Repsol SA has unveiled a new strategic plan for the next five years aimed at accelerating its energy transition while boosting shareholder value, according to a Nov. 26 news release. The Spanish integrated oil and gas company said it will decarbonize its asset portfolio and establish a new operating model […]
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Power Technology: Spanish renewables developer Iberdrola has signed a power purchase agreement (PPA) with pharmaceutical company Bayer to supply 100% renewable electricity. According to the agreement, Iberdrola will supply clean energy generated by its solar photovoltaic (PV) Francisco Pizarro plant to nine Bayer sites in Spain. Bayer’s three factories, five research and development (R&D) centres […]
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Bloomberg: Ovo Energy Ltd has partnered with a Royal Dutch Shell Plc subsidiary to offer rooftop solar and batteries to homes in Spain. The deal is the latest in a trend where energy suppliers offer complete energy systems that turn households into virtual power plants. Ovo’s Spanish offering is similar to Tesla Inc’s tariff launched […]
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S&P Global Market Intelligence ($): Iberdrola SA launched a €75 billion investment plan for the 2020 to 2025 period, including a commitment to invest €68 billion organically in renewable energy, networks, storage and intelligent solutions for its customers. The remaining €7 billion will be allotted to the pending acquisition of PNM Resources Inc. by Avangrid […]
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Bloomberg: Repsol SA has invested more in recent months in developing renewable power projects than searching for oil and gas, offering the latest example of how Europe’s energy giants are accelerating their shift away from fossil fuels. The Spanish firm has spent 199 million euros ($232 million) this year on oil exploration, in countries ranging […]
IEEFA: European gas pipeline companies mislead investors by underreporting CO2
Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellersDecember 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]