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Iberdrola Enters Australian Market with First Green Bond Issue by a Spanish Company
Iberdrola has successfully issued 750 million Australian dollars in green bonds, marking the first such issuance by a Spanish non-financial company in the Australian market. The bonds, split into two tranches with maturities of six and ten years, were oversubscribed by 2.8 times, indicating strong investor demand. The operation supports Iberdrola's strategy of diversifying its financing sources and reinforces its commitment to renewable energy projects.
BYD Highlights Strong Partner Collaboration in Energy Storage Market
BYD Co. Ltd. expands its partner program for energy storage solutions, hosting a conference that allowed partners to share experiences and gain insights into upcoming products. BYD emphasizes the importance of partner feedback in developing innovative and safe energy storage solutions. The conference highlighted market challenges and the advantages of BYD's BatteryBox series in addressing these issues.
Solaria Expands to UK and Continues Data Center Business Growth through Joint Ventures
Solaria, a leading renewable energy and infrastructure company, has announced its entry into the UK market with new offices in Birmingham. The company aims to expand its portfolio in Europe, including hybrid solar and wind projects, and data centers. Solaria's growth strategy includes joint ventures with American and European players to develop data centers, leveraging its infrastructure and energy generation capabilities.
ARRAY Technologies Appoints Industry Leaders for EMEA Region
ARRAY Technologies, a global leader in solar tracking solutions, has appointed Leonardo Serpa as General Manager and Héctor Sánchez as Commercial Vice President for the EMEA region. Both bring extensive experience to ARRAY's growing operations. Serpa previously led Essentia Energia, while Sánchez was VP of Sales at Soltec Trackers. Their leadership will drive ARRAY's mission to provide innovative solar solutions in EMEA.
Wind Power Prevents Gas Price Increases from Driving Up European Electricity Market Prices in the Second Week of November
In the second week of November, the average prices of most major European electricity markets exceeded 100 €/MWh, although they were lower than the previous week. This decrease was due to increased wind power production, despite gas prices rising to their highest values in 2024. The Iberian and French markets recorded the highest daily price of the year. Portugal's photovoltaic production set a new November record. Demand increased in most markets, CO2 futures rose, and Brent futures fell.