power plant

Gas Natural Fenosa earns €1.45 billion in 2013, a 0.3% increase

February 18, 2014 08:23 PM | ACN

Barcelona-based Gas Natural Fenosa earned €1.445 billion in 2013, 0.3% more than in 2012. The strong international customer base of the energy company has neutralized the “decline in business” in Spain. This fall at Spanish level was due to the fiscal pressure increase and to the impact of the latest Spanish Government’s reform of the electricity market, which led to a shortfall of €455 million in 2013 for the Catalan multinational. The aggregate EBITDA (Earnings before interest, tax, depreciation and amortization) stood at €5.085 billion, 0.1% more than in 2012. International business accounted for 44.1% of the EBITDA, while it had represented 43.2% in 2012. In addition, the Spanish market contributed to 55.9% of Gas Natural Fenosa’s EBITDA, a 1.6% drop on last year figures.

The world’s first plant combining biomass and solar thermal energy begins supplying power in Catalonia

December 13, 2012 11:27 PM | CNA

This pioneering energy plant, located in western Catalonia, will generate 22.5 megawatts of power, the equivalent of the electricity supply to 27,000 houses. The hybrid system combining solar thermal and biomass energy enables the production of electricity 24 hours a day, increasing the production capacity of the plant. It occupies 96 hectares and has 2,688 solar panels. In just 20 months, Abantia and Comse Emte have built the plant and put it to work. The €153 million project will prevent 24,500 tonnes of CO2 from being released into the atmosphere.