Developer Swoops for Spanish Wind Portfolio After Rival Had Lined up Deal
16 Articles
16 Articles
Galp Energia announces an increase of the semi-annual profit to 812 million euros. Up by 44% is attributed to the strengthening of the production in Brazil, but also to the price of the oil.
Company significantly strengthens the installed renewable capacity, which now reaches 2.7 GW. Assets are valued at 420 million euros.
Galp reports that these results were driven mainly by the "increase in oil and gas production in Brazil, and their prices" in international markets, in the context of the US-Iran conflict in the Middle East
Galp has closed the largest acquisition of renewable assets in Spain so far this year. The Portuguese oil company buys from Acciona Energía a portfolio of 15 wind farms with 361 megawatts (MW) of capacity for 432 million euros, as confirmed by the company. The assets, divided by six provinces, generate 800 gigawatt hours (GWh) of electricity annually. The operation, advised by Crédit Agricole for Galp and BNP Paribas for Acciona, is part of the …
Acciona sells 361 MW of wind power capacity in Spain to GALP for €432 million
The Corner Since 2024, the group has reached agreements to sell more than 3 GW of renewable capacity in Spain, Peru, Costa Rica, South Africa, the United States and Mexico, for a total of €3.7 billion and with an average implied multiple of €1.2 million per MW. Reported by Bankinter The group has announced the sale of 15 wind farms with a capacity of 361 MW in Navarre, Zaragoza, Ciudad Real, Palencia,...
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