Endesa Generación, a key subsidiary of Spain’s energy powerhouse Endesa, has announced a €1 billion agreement to acquire Corporación Acciona Hidráulica from Acciona Energía. The transaction includes 34 hydroelectric plants, delivering a combined capacity of 626 megawatts (MW). This monumental acquisition positions Endesa as a leader in Spain’s renewable energy sector and underscores its commitment […]
In a move that signals a major shift in Europe’s digital infrastructure, Aermont Capital has agreed to acquire Nabiax, a leading Spanish data center operator, from Asterion Industrial Partners and Telefónica. The acquisition, estimated to value Nabiax at around €1 billion, could become a watershed moment for Spain’s data center industry, supporting critical advancements in […]
In an unprecedented natural disaster, eastern Spain is facing severe humanitarian and environmental challenges following devastating floods that have left at least 89 people unaccounted for in the Valencia region. The torrential rains, which began late October, triggered catastrophic flash floods, sweeping through towns and cities with an unstoppable force. Officials have confirmed over 200 […]
Spain’s utility powerhouse, Cox ABG Group, has announced an ambitious plan to raise up to $242 million through an initial public offering (IPO) on the Madrid Stock Exchange. This move is set to boost the company’s expansion in the burgeoning sectors of water infrastructure and renewable energy. The IPO aims to solidify Cox ABG Group’s […]
King Felipe VI and Queen Letizia of Spain faced an unexpectedly hostile reception during their visit to the flood-stricken town of Paiporta, Valencia, on Sunday, November 3. The royal couple, accompanied by Prime Minister Pedro Sanchez and other officials, intended to show support and assess the situation on the ground following catastrophic flooding. However, tensions […]
Teva Pharmaceuticals, the generics powerhouse, has been slapped with a hefty fine of €462.6 million by the European Commission for anti-competitive practices related to its blockbuster multiple sclerosis drug, Copaxone. The fine marks one of the largest penalties imposed on a pharmaceutical company for breaching antitrust regulations in recent years, surpassing the penalty imposed on […]
Spain is grappling with one of its deadliest flood disasters in recent history, leaving at least 158 people dead after a year’s worth of rain fell in just a few hours. This catastrophic event, which has affected the country’s southern and eastern regions, has put the nation into a state of shock, as the storm—originating […]
A severe flash flood has left Valencia devastated, claiming at least 72 lives and leaving entire neighborhoods under water. Torrential rains poured down over a single day, rapidly overwhelming the region’s rivers, streets, and emergency response efforts. The destruction of homes and infrastructure has left hundreds without shelter as Spanish officials scramble to mount a […]
Spanish energy giant Repsol has decided to halt its ambitious green hydrogen projects in Spain, citing regulatory challenges and the imposition of a controversial windfall tax on energy companies. The decision affects several projects with a combined electrolysis capacity of 350 megawatts (MW), including a major 100 MW initiative in the Basque region. Repsol’s management […]
Plenitude has officially launched construction of a significant solar plant in Villarino de los Aires, Salamanca, Spain. The facility, expected to have an installed capacity of 220 MW, will become one of the largest solar parks in the Castilla y León region upon completion. Representatives from the Regional Government of Castilla y León, the local […]