April 12 (Renewables Now) - Spanish civil engineering group ACS Actividades de Construccion y Servicios SA (BME:ACS) is considering forming a unit to develop renewable energy projects and floating it on the stock exchange, according to a brief note posted on its website.
Without revealing any details, ACS said this could facilitate the development of renewable energy projects under competitive price conditions.
Cobra Concesiones SL, a unit of ACS, emerged as the big winner in Spain’s 2017 renewables auction pocketing 1,550 MW of solar photovoltaic (PV) capacity.
The construction giant previously had a renewables yieldco, Saeta Yield, which went public in 2015. The latter held a portfolio of 1,028 MW of wind and solar parks when it was sold to TerraForm Power Inc (NASDAQ:TERP) last year.