RE: euz8 Jun 2021 11:51
https://www.eqmagpro.com/spanish-energy-companies-to-carry-the-torch-for-renewable-deals/
Heres a good article and this is the most interesting bit
With sunny Spain at the forefront of Europe’s shift to renewables, many clean power developers there are hiring banks to evaluate whether to sell shares to private bidders or on stock markets, financial sources say.
Newer firms Capital Energy and Opdenergy have joined the queue looking for ways to raise funds, according to bankers familiar with those situations.
Capital Energy has hired Goldman Sachs and UBS to advise it on a potential share sale, while Opdenergy has taken on Santander and Citi, people familiar with the matter said. A spokesman for Capital Energy said the company was analysing several financing options. Opdenergy declined to comment.
The banks declined to comment or were not immediately available for comment.
“Renewables is a sector with … high growth, high visibility and unlike many other growth sectors – these companies are already making a profit,” said Philip ten Bosch, co-head of global power investment banking at Citi.
He added that valuations for pure play clean energy firms are at a clear premium to more diversified utilities, providing the rationale for a spin-offs, though he declined to discuss specific names.