IN DEPTH: Acciona 'finding a different rhythm'

Acciona is broadening its horizons, says Rafael Mateo

Acciona is broadening its horizons, says Rafael Mateo

After several years of breakneck growth that has seen it become one of the biggest renewables operators in the world with 8.5GW, Acciona Energía has had to rethink its strategy.

The company has been hit hard by the moratorium on renewables projects in its home market of Spain, which still accounts for the lion’s share of its portfolio, and the company has been vocal in its criticism of government policies that are endangering the profitability of existing wind and concentrating solar power assets.

The Spain situation and the higher cost of obtaining capital have hit the company’s ability to keep expansion going at the same rate, while — in common with its peers — Acciona Energía’s development arm has also Log in to read complete article.

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