Spanish property firm Urbas says it plans to invest EUR 300 mln in renewable energy production over the next five years. The company's ceo Juan Antonio Ibanez said Urbas has received permission to build capacity for the production of 20 megawatts and is close to acquiring an unnamed Spanish energy company with an energy park already under construction.
Spanish property firm Urbas says it plans to invest EUR 300 mln in renewable energy production over the next five years. The company's ceo Juan Antonio Ibanez said Urbas has received permission to build capacity for the production of 20 megawatts and is close to acquiring an unnamed Spanish energy company with an energy park already under construction.
Urbas wants to have 50% of its assets invested in renewable energy sources in three years time, and is looking for three or four financial partners, each holding 10% of the energy unit, to increase total investment to EUR 600 mln. The Spanish government this month gave the go-ahead for an increase in fixed subsidies for wind, solar and biomass projects.
