ACCIONA’S El Romero Solar photovoltaic plant will contribute 316 million dollars to the GDP of Chile

This is the main finding of a socioeconomic impact study made for the company using the methodology of the consultancy EY The report concludes that the plant will mean the creation of 132 permanent jobs over its 35-year working life, plus 2,083 direct, indirect and induced jobs generated during the construction phase El Romero Solar will save Chile 21 million dollars a year in costs linked to greenhouse gases and 4.2 million in healthcare costs related to air pollution. The construction and operation of the El Romero Solar photovoltaic plant, developed by ACCIONA in the Atacama Desert, will contribute 316 million dollars to the Gross Domestic Product (GDP) of Chile

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ACCIONA to build new power transmission infrastructure in Mexico for 21 million euros

The project involves designing and building two transmission lines and two substations, working at voltages of 400 kV and 230 kV, in the states of Sinaloa and Sonora. ACCIONA has been selected by Mexico’s Comisión Federal de Electricidad (CFE) to build a power line from the Topolobampo III combined cycle power plant, involving four separate design and construction jobs — two transmission lines and two substations — in the states of Sinaloa and Sonora. The two power lines, at voltages of 400 kV and 230 kV, will measure 276 kilometres in total, and the two substations will operate at those voltages. This turnkey project, adjudicated for 24.5 million USD (21

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ACCIONA launches Spain’s first corporate accelerator for infrastructure and renewable energy startups

This is the first initiative of the I’MNOVATION platform, which agglutinates the company’s innovation work by combining its R&D staff and facilities with an openness to disruptive technologies developed by startups and technology partners. The I’MNOVATION #Startups programme entails extending the company’s innovative approach towards an open innovation model with the goal of being a leading player in the industries in which it is involved while cementing its lead in R&D and innovation (RDI), an area in which it spent 194 million euros in 2016. The selected startups will develop pilot projects funded by ACCIONA to validate their technology and solutions in real-world settings ACCIONA has created Spain’s first corporate

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ACCIONA opens the first plant with storage of wind energy using batteries in Spain, in the region of Navarra

The guest of honour at the opening ceremony was Manu Ayerdi, Vice-president for Business Development of the Government of Navarra Technical solutions will be applied in the plant for use in commercial wind farms, with the aim of increasing the contribution of renewables to the grid and optimising the management of the energy produced   Manu Ayerdi, Vice-president for Business Development of the Government of Navarra, and ACCIONA Energía CEO Rafael Mateo have opened the wind power storage plant with batteries that ACCIONA has put into service in Barásoain (Navarra). It is the first facility of its type incorporated into a grid-connected wind farm in Spain, with the idea of

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ACCIONA increases EBITDA to 579 million euros (+10.4%)

Ordinary net profit increased by 80 million euros (+81.5%) due to good performance by the Infrastructure business Consolidated revenues amounted to 3,388 million euros (+22.6%), driven by the Construction business (+74.6%) Net capital expenditure continues at a good pace, amounting to 472 million euros ACCIONA attained 579 million euros in EBITDA in the first half of 2017, a 10.4% increase, driven by good performance in the Construction business, where EBITDA more than doubled (+117.4%) to 110 million euros. Ordinary net profit increased sharply to 80 million euros (+81.5%). However, attributable net profit declined by 86.6% due to the absence of extraordinary items this year. In the first half of 2016,

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ACCIONA acquires additional stake in Ontario wind farm (Canada)

ACCIONA Energy International obtains full ownership of the 76-MW Ripley Wind Farm ACCIONA Energy, a leading global operator of renewable energy projects, today announced that ACCIONA Energy International (AEI), through its Canadian subsidiary, has acquired 50% of the 76 MW Ripley Wind Farm from Suncor Energy Inc. The Ripley Wind Farm was originally built as a joint venture by Suncor and ACCIONA in 2007. With the acquisition, AEI becomes the wind farm’s sole owner and operator. The Ripley Wind Farm is located near the eastern shore of Lake Huron and generates enough electricity to power 24,000 homes. The facility has a 20-year Power Purchase Agreement in place with the Independent

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ACCIONA will supply CFE Calificados (Mexico) with clean energy certificates for 20 years

The certificates will help the subsidiary company of the Mexican Federal Electricity Commission (CFE) to comply with its clean energy consumption targets, established by the Energy Reform in Mexico  ACCIONA Energía Mexico has signed two contracts to provide Clean Energy Certificates (CELs) to CFE Calificados, a subsidiary of the country’s Federal Electricity Commission (CFE), for the supply of electricity to large users. The first contract, for 49,500 CELs per year over 20 years, is linked to production from the Puerto Libertad photovoltaic solar plant in Sonora; ACCIONA has developed this plant together with its Mexican partner BioFields. The second, for 5,000 CELs per year over 20 years, will generate the

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ACCIONA starts up the first hybrid wind power storage plant in Spain using batteries

The plant will use software to simulate storage systems with renewable energy, for which two company’s engineers have been awarded the ‘Eolo Innovation’ award for 2017 by the Spanish Wind Energy Association (AEE) Located next to the experimental wind farm at Barasoain (Navarra), the plant will apply technological storage solutions that will be applied to the commercial wind farms ACCIONA Energía has started up the first hybrid plant for storing electricity in batteries that is part of a grid-connected wind farm in Spain. The company has also developed simulation software that will be used in the plant, for which it has been awarded the ‘Eolo Innovation’ prize for by the

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ACCIONA to focus on selected growth opportunities and new markets in renewables and infrastructure

The company will maintain a strict policy on returns and risk management when analysing new projects.  Strategy will focus on markets where the company is already established, such as Chile, Mexico and Australia, as well as countries in Southeast Asia where it does not have a presence, and infrastructure projects in the United States.  The company has earmarked 1,000 million euros for investment in 2017, which is “in line with its ambitions and sound strategic position”.  The Chairman announced that the process of transforming the company’s funding approach is now complete   The meeting approved the appointment of Ms Karen Christiana Figueres as an independent director, and the payment of a

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ACCIONA net profit increased by 21% in the first quarter

Revenues amounted to €1,634 million (+15%), broadly due to growth in the international infrastructure business (+45%).  EBITDA increased by 8.5% to €301 million, driven by 118% growth in Construction.  Net debt was up 7% as a result of higher investments, basically the acquisition of Geotech.  Financial expenses were reduced by 26% as a result of the group’s new funding approach ACCIONA reported €60 million in net profit in the first quarter of 2017 (+20.8%) as a result of broadly good business performance, particularly in Construction, and a sharp (-26.4%) reduction in financial expenses as a result of the group’s new funding approach. These factors contributed to a 37% increase in

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