Business
electricity
Business
Gas Natural Fenosa earns €1.45 billion in 2013, a 0.3% increase
Business
Catalonia approves 3 green taxes expected to raise €50 million per year
Society
Electricity companies not to cut off supply to people in need
Business
SEAT builds the world’s largest solar plant on a car factory
Business
Barcelona-based Gas Natural Fenosa to stay in Panama for 15 more years through Edernet and Edechi
Business
Gas Natural Fenosa increased its net profit by 8.8% in 2012, earning €1.44 billion
The Catalan energy multinational’s earnings before interest, taxes, depreciation and amortization (EBITDA) reached €5.08 billion, 9.4% more than in 2011, thanks to its international business, which grew by 22.6% and balanced out the stagnation in the Spanish market. In fact, Gas Natural Fenosa’s business in Spain now only accounts for 56.8% of its gross profits, while in 2011 this represented 61.5%. Furthermore, the firm’s financial debt decreased by 7.5% and now the company’s financial debt/EBITDA ration is 3.1. With these results, the Barcelona-based company has fulfilled the objectives of its strategic plan up until 2012.
Business
The Very-High Voltage connection through the Catalan Pyrenees will become operational by 2014
Red Eléctrica, the corporation that operates the electricity transmission system and electricity grid throughout Spain and the French company RTE start work this year. This key infrastructure will enable transporting solar power from Northern Africa to Central Europe.
Society
Electric company ENDESA checks out 2,500 km of the Girona network to prevent future failures
With a helicopter, ENDESA is checking the entire Girona province?s medium tension electric network and has found 50 weak points so far. This operation is being pursued to prevent damage from past collapses of the electrical network, especially in the Cost