Capital Energy, the cover that wins in the electric war-government: The investor appetite in Spain is very high

The last renewable auction organized by the Government has been more news by the large electricity that they have decided not to go to the bid for the situation

Capital Energy, the cover that wins in the electric war-government: The investor appetite in Spain is very high

The last renewable auction organized by the Government has been more news by the large electricity that they have decided not to go to the bid for the situation of "regulatory uncertainty" in the country that for those who have opted for the auctioned capacity. And among the latter stands out one above all, capital Energy, which has been done by itself with half of the competition and has allowed to save the furniture to the Energy Vice President Teresa Ribera.

Who is this company? Do you have the capacity to carry out all the projects committed to the government? Capital Energy boasts 20 years of experience in the energy sector, although its leap occurred last year with a strategic reorientation with which it aspires to become the first group integrated 100% renewable electric group. That is, the leader with 'green' generation capacity with an integrated marketer with which to supply light to its customers.

Behind the company is the entrepreneur Jesús Martín Good, with family ties linked to livestock and transportation. In the Madrid circuit he is also known by the family relationship of him (ex-son-year) of the President of ACS and Real Madrid, Florentino Pérez. The owner of Capital Energy is the Executive Vice President and has created a first-class team to take the day to day of business with Juan Lasala -Ex CEO of Red Eléctica- as a non-executive president, and Juan José Sánchez, EX of Enagás, as CEO The template has doubled in the last two years and expects to close 2021 with 450 employees in Spain.

The company is currently working on more than 400 wind and photovoltaic projects in Spain and Portugal and aims to install a portfolio of 35 Gigavatios 'Green'. This figure would be equivalent, by contextualizing, a third of the current energy capacity of the national electrical system. At the close of 2020, the portfolio of renewable assets in Spain and Portugal, 12,124 MW are under development and 20,769 MW under study.

Finance this number of projects will not be easy. "We are evaluating all the tools, both debt and equity, available in the market, we move in a lot of capital liquidity and a lot of appetite for the renewable sector, that generates competition among capital suppliers, which every time Structure more imaginative and efficient solutions. The important thing is to have good projects to finance. If you have them, the options are multiple, "explains the Chief Executive Director of the Firm.

Sánchez focuses on criticism poured by some rival companies and investors on regulatory uncertainty in Spain after approval of the last Royal Decree Law that includes a millionaire hack on IBERDROLA or ENDESA's revenue. "The appetite investor is very high, there is no day that one or more potential investors do not call our door to be interested in co-investment opportunities with us or investment in our capital or assets at different levels," he says.

In any case, it does notify the effects that regulatory swings over the consumer can generate. "It is important that governments and institutions competent in regulatory matters, at all levels, from the European to the municipal, continue to consolidate the bases of a framework as stable and predictable as possible, avoiding savings that do not benefit anyone: where least, The consumer. Said which: Uncertainties are not afraid, it is identified, evaluated and managed in the best possible way to mitigate and minimize its potential impacts. In any case, and although there are many things to improve, the Fundamentals of the Spanish renewable sector are still very solid, "stands out.

Sánchez ensures that his triumph in the 'green' energy auction will have no effect on the potential output to the company's stock market, aborted before the summer due to the market situation. "The result of the auction helps us continue to consolidate our business project by multiple reasons, but it does not necessarily accelerate a possible future departure to the stock market," he concludes.

Updated Date: 21 October 2021, 00:18

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