energy

With the measure, Barcelona will no longer host the headquarters of the Spanish Authority regulating the Telecommunications Market (CMT). However, the Catalan capital could still host a delegation of the new body, considering the presence of telecommunications companies in the Catalan capital. The Spanish Government has approved the creation of a single super regulatory body controlling competition throughout Spain, including stock markets and other specific markets such as energy, telecommunications, railways, airports, audiovisual media, and postal services. The new body will directly depend on the Spanish Economy Ministry.

The Barcelona-based energy company’s net profit growth is due to a business increase in Latin America and the synergies created after the merger of Gas Natural with Unión Fenosa.

The Catalan company opts for sustainable energy and internationalisation to get through the economic difficulties. With this move, Baxiroca hopes to become Europe’s major supplier. The plant has cost 4 million euros and will export 80% of its production.

The 36 wind farms currently in Catalan territory produce enough electricity to supply 2 million people every year and, at the same time, they place Catalonia eighth in the ranking of wind producers in Spain. According to the Catalan Government’s Energy Plan valid until 2015, wind power production could continue to grow and reach 3,500 megawatts.

The project’s aim is to design maritime platforms able to produce hydrogen, generated with the help of green energies. The platforms could be used to provide service to oil tankers or to fix even fish farming, among others potential uses.

The Catalan energy company reduced its debt to 54.4%, thanks to disinvestments. Gas Natural Fenosa ended the first nine months of the year with a net profit 0.3% lower than that in the same period in 2010. However, taking into account the effect of the disinvestments, the net profit increased by 11.6%.

The research results were published on the website of the prestigious journal 'Nature Chemistry' and will appear in the print edition as well. The Universitat de Girona is particularly strong in research related to water. The study opens a new path to develop new technologies to carry out artificial photosynthesis.

The Barcelona-based energy multinational and the Catalan Government have signed a cooperative agreement. The Catalan President Artur Mas emphasised that the Catalan multinational “is rising to what the country needs” in the current economic context.

The new mooring station to load and offload oil and other bulk liquids is designed for large ships. It will be the deepest of all the Western Mediterranean, including Northern Africa. 275-metre-long ships, weighting up to 175,000 tons and with a 15-metre-deep draft will be able to dock in Barcelona. Barcelona harbour aims at consolidating its leadership among all Mediterranean harbours regarding goods transportation, bulk and by container.

Barcelona-based Gas Natural Fenosa enlarges its capital with 515 million euros invested by the multinational North-African company, Société Nationale (Sonatrach).

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.

An International inspection in 2009 issued 14 recommendations to improve security. Two years after, the International Atomic Energy Agency came back to certify that most of the issues had been addressed and the rest were in progress of being fully solved.

The net profit for last year illustrates a 0.5% increase in relation to the 2009. The Catalan multinational’s activities in Latin America grew by 30.4%. The energy giant is confident it will reach an agreement with the Algerian company Sonatrach on a pending issue on natural gas price adjustments.

González will contribute to consolidating Gas Natural Fenosa’s international presence, mainly in South America. With this move, the Catalan energy company will gain a figure of international prestige with a large list of contacts. González was Prime Minister of Spain from 1982 to 1996. He leads the Expert Group on the future of Europe and his name was shortlisted to become the first President of the EU.

Gas Natural Fenosa made 4,000 million euros more than in 2009, with a profit of 1,117 million euros.