Spain’s ACS mulls forming, listing renewables vehicle

Solar park in Spain. Author: Som Energia Cooperativa. License: Creative Commons. Attribution 2.0 Generic

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.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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