|

ACCIONA Energía sells hydro portfolio to Endesa for €1 billion

By

ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). 

The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals.

The portfolio includes 34 hydroelectric plants with a total installed capacity of 626 MW, located across Aragón, Navarra, Soria, and Valencia in Spain. 

The plants operate under long-term concession agreements, averaging 30 years of remaining duration. 

The portfolio comprises reservoir-based plants (56%), run-of-river plants (30%), and pumped-storage facilities (14%), with an annual production of approximately 1.3 TWh.

In a related development, ACCIONA Energía recently agreed to sell its Spanish hydroelectric assets under Acciona Saltos de Agua, SL to Elawan Energy for €287 million. 

Similar Posts

|

Equinor acquires 9.8% stake in Ørsted, becoming second-largest shareholder

By

Norwegian energy giant Equinor has acquired a 9.8% stake in Danish renewable energy company Ørsted, valued at $2.5 billion. This transaction, involving 41,197,344 shares, makes Equinor Ørsted’s second-largest shareholder. Equinor plans to increase its stake to 10%, pending regulatory approvals but does not intend to grow the stake further. Ørsted, with a renewable generation capacity of 10.4GW, is developing offshore wind projects totalling 7GW and aims to achieve a capacity of 35-38GW by 2030. Equinor…

|

Adani Power cuts power supply to Bangladesh over unpaid dues

By

Adani Power Jharkhand Limited (APJL), a subsidiary of Adani Power, has halved its power supply to Bangladesh, citing outstanding dues of $846 million, according to local media.  Data from Power Grid Bangladesh PLC shows that supply from the 1,496 MW plant has been reduced to 700 MW from a single unit, exacerbating Bangladesh’s energy shortfall, which exceeded 1,600 MW overnight. On October 27, Adani warned the Bangladesh Power Development Board (PDB) of potential supply cuts…

|

STMicroelectronics signs PPA with BKH Solar for Malaysian operations

By

STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia.  This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027 targets for carbon neutrality and full renewable energy sourcing across its operations, including its high-volume test and assembly facility in…

|

ACWA Power starts construction on 200 MW wind and 100 MW battery storage project in Uzbekistan

By

ACWA Power has commenced construction on a 200 MW wind power plant and a 100 MW battery energy storage system (BESS) in the Republic of Karakalpakstan, Uzbekistan. The project, valued at $260 million, is a partnership with JSC National Electric Grid of Uzbekistan (NEGU). The Beruniy Wind Power Plant is expected to generate 800 million kWh of clean energy annually, enough to power 292,000 households. The initiative will save 212 million cubic meters of natural…

|

MERC approves MSEDCL’s procurement of 5,991 MW solar power

By

The Maharashtra Electricity Regulatory Commission (MERC) has approved the procurement of 5,991 MW of solar power by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) through competitive bidding. This initiative is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0), which aims to solarize at least 30% of agricultural feeders by December 2025.   The procurement will be managed by MSEB Solar Agro Power (MSAPL), a subsidiary of MSEB Holding Company, with 5,745 MW…

|

Power Grid approves issuance of bonds to raise up to Rs 50 billion

By

Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement.  The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period. The bonds will be redeemable…

Leave a Reply

Your email address will not be published. Required fields are marked *