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Spanish energy companies to carry the torch for renewable deals
(Reuters, 1 Mar 2021) Rising demand for environmentally friendly investments is focusing attention on Spain's under-exploited solar and more established wind sector, helped by government.
Several Spanish clean energy companies are planning stock market listings or stake sales within the next two years, taking advantage of a market boom in green assets to raise funds to build more wind farms and solar parks.
Rising demand for environmentally friendly investments is focusing attention on Spain's under-exploited solar and more established wind sector, helped by government targets in line with international requirements to decarbonise economies and stem climate change.
International groups Acciona and Repsol have started the process of spinning off energy units that could be valued in the billions of euros. Acciona plans a listing and Repsol has given itself 1-1/2 years for an IPO or stake sale to a partner.
Madrid plans to preside over a tripling of its installed solar power generation and a boost to wind which will add 60 gigawatts (GW) in new capacity this decade. The European Union as a whole wants to reduce its planet-warming emissions to net zero - no more than can be absorbed by carbon-sucking trees or other technology - by 2050.
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Reuters, 1 Mar 2021: Spanish energy companies to carry the torch for renewable deals
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