Spain News

 

EDPR, Engie Create Offshore Wind JV

Jul 23, 2020

Wind energy firms EDP Renewables and Engie have formed a 50-50 joint venture company Ocean Winds (OW) focused on offshore wind developments.The formation of the JV company announced this week, has been in the making since May 2019, when the Engie and EDPR signed a memorandum of understanding to create a new entity as an exclusive vehicle of investment of EDPR and ENGIE for offshore wind opportunities worldwide…

Spanish Oil Firm Repsol Cuts Capex

Oct 29, 2020

Spanish oil and gas group Repsol returned to profit in the third quarter after a deep loss in the second, and suggested it could spin off some of its growing renewables business to maximize investment returns.Repsol, however, said it would cut…

PHOTO: Saitec's BlueSATH Floating Wind Platform Installed in Spain

Aug 11, 2020

Saitec Offshore Technologies' BlueSATH floating wind platform has been installed and commissioned in its final deployment site in El Abra del Sardinero, Santander, Spain. The BlueSATH was towed from Astander's Dock Pontejos towards its destination 800 meters away off the Cantabrian coast…

Siemens Gamesa Slashes 2020 Revenue Forecast on COVID-19 Impact

Jul 30, 2020

Wind turbine maker Siemens Gamesa expects the fallout of the COVID-19 pandemic will cut 1 billion euros ($1.2 billion) from its sales revenue in the full year, the German-Spanish manufacturer said on Thursday.The company said the impact will be harsher than previously expected…

Spain Hopes Turkey Overture on Offshore Drilling Leads to Talks

Jul 28, 2020

Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.Turkey is at loggerheads with Greece and Cyprus over overlapping claims for offshore reserves…

Spain Sees Thaw in Europe-Turkey Tensions on Mediterranean Offshore Exploration

Jul 28, 2020

Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible…

Repsol Writes down $1.5B as COVID-19 Sours Oil Outlook

Jul 23, 2020

Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years.The demand-sapping COVID-19 crisis has…

Saitec to Install Bird Monitoring System at BlueSATH

Jul 14, 2020

Floating wind turbine developer Saitec Offshore Technologies is installing bird monitoring collision risk reduction system at its BlueSATH testing project, Saitec's first offshore wind deployment in Spain.BlueSATH testing project will take place…

Spain's Greenalia Joins World Forum Offshore Wind

Jul 10, 2020

Greenalia, a Spanish company working to develop a floating offshore wind farm in the Canary Islands, has joined WFO (World Forum Offshore Wind), The first worldwide association with an exclusive focus on promoting offshore wind energy internationally…

Court OKs Extradition of Ex-Pemex CEO from Spain to Mexico

Jul 06, 2020

Spain's National Administrative Tribunal agreed on Monday to extradite Emilio Lozoya, former chief executive of oil company Petroleos Mexicanos, to Mexico, the court said in a statement.Lozoya, 45, is wanted in Mexico on charges including bribery…

Iberdrola Eyes Swedish Offshore Wind Farms

Jun 23, 2020

Spanish renewable energy giant Iberdrola has struck a deal giving it an option to acquire stakes in up to eight offshore wind projects in Sweden.Iberdrola has signed the agreement with the renewables company Svea Vind Offshore AB (SVO) for the…

Navantia-Windar Wins $392M Contract to Build Jackets for French Offshore Wind Farm

Jun 19, 2020

Iberdrola, through its French subsidiary Ailes Marines, has awarded the Navantia-Windar UTE consortium a contract to build 62 jackets for the or the Saint-Brieuc offshore wind farm which the energy company is developing off the coast of Brittany…

Repsol Warns of Coronavirus Uncertainty after Profit Slump

May 05, 2020

Spain's Repsol reported a 28% fall in first-quarter profit on Tuesday, becoming the latest oil and gas company to show the deep damage done to its balance sheet by the coronavirus laying waste to energy demand.Oil prices fell 65% in the period…

Repsol Employee Tests Positive for Coronavirus

Mar 13, 2020

Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…

RWE, Saitec Testing Floating Platform for OWF

Feb 24, 2020

RWE Renewables and Saitec Offshore Technologies will jointly start testing a floating platform for wind turbines off the Basque coast in 2021 as part of the project called 'DemoSATH,' aimed at reducing floating wind development cost.According to the joint statement…

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