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Capital Energy, a renewable 100% project for the Iberian Peninsula

Capital Energy, a Spanish company founded in 2002, has the vocation to be the first vertically integrated 100% renewable operator of the Iberian Peninsula.

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Capital Energy, a renewable 100% project for the Iberian Peninsula

Capital Energy, a Spanish company founded in 2002, has the vocation to be the first vertically integrated 100% renewable operator of the Iberian Peninsula. It advocates for an equitable and ecological energy transition. It seeks to achieve this goal by combining its contribution to decarbonisation and the use of renewable energies with the promotion economic and social development in the areas it operates. This is possible through the tractor effect.

Today, the company founded in Spain by Jesus Martin Buezas and whose business is managed by CEOJuan José Sanchez, is present all along the value chain for the renewable sector in Portugal and Spain.

Capital Energy won 620 megawatts of wind power (MW) in the January renewable energy auction. It has a portfolio that includes 38 gigawatts of solar and wind projects to reach its goal. More than 8.5GW of these projects already have the permissions to access the grid.

The main suppliers of wind turbines around the world have supported its industrial project. It has signed two contracts with multinationals like Siemens Gamesa, GE Renewable Energy and Siemens Gamesa to build wind farms. In addition, the company has also reached a framework agreement to supply up to 1,000 MW in the next three-years.

The company is also working hard to secure the financing it needs to realize its business plan. In recent months, the company has successfully closed financing transactions with both national and international institutional investors for more than 300 million euro. This will ensure that you have enough funds to cover your expenses for the next 18 month and increases your financial strength.

Capital Energy is currently in advanced negotiations to secure non-recourse financing lines to finance its renewable energy projects up to 1,000 million euro. Talks are close to being concluded with BBVA, a Nordic debt fund, and Capital Energy.

The company has also increased its human resources, increasing its quantity by more than ten, and acquiring the required quality. Its workforce went from 30 to more then 360 employees in three years. This is why it is important to hire experienced professionals from both the energy sector as well as from other industries. They have worked with companies of similar or greater size in their careers. .

Capital Energy launched the Prometheus Initiative with eight European industrial and research partners. It aims to create an innovative prototype for high temperature solid oxide electrolysis, which uses heat and sunlight to continuously produce green hydrogen.

Prometeo, coordinated by the Italian ENEA and lasting three and a quarter years, is funded with 2.5 million euros from the public-private platform Fuel Cells and Hydrogen Joint Undertakings (FCH JU). Capital Energy will act as the partner responsible for installing and operating the prototype built during the project at one of its photovoltaic plants.

Beatriz Ruiz (Director of Storage at the Spanish Energy Firm) stated that Prometeo will enable progress in the development versatile green hydrogen generation technology. This will contribute to the integration and decarbonisation different sectors as well as the creation of hydrogen storage. Energy".

Capital Energy has committed hydrogen as a part of its efforts to combat climate change. It is committed to hydrogen in order to promote decarbonization of society in four areas: energy system, mobility and domestic and international consumption.

Quantum, Capital Energy's 'corporate venturing fund', has been endowed with 20 millions euros. It aims to identify and invest in a set of'startups in the energy tech field that have the potential to transform the sector.

This project has the ultimate goal to promote entrepreneurial energy in Spain and Portugal. It will also detect and bet on startups that will establish future trends. Quantum can benefit from Capital Energy's in-depth sector knowledge, as well as access to its infrastructures and client portfolio.

The company will use this approach to find opportunities in the following strategic areas. These include customer-focused solutions and 'digital utility'. Smart grids, storage, renewable generation, and sustainable mobility. It will do this by combining association with startups (via the'venture clients' model), direct investment, and the construction of new businesses ("venture building")

Capital Energy plans to transform into a customer company with Quantum. This will increase the efficiency of its core business and short-term profitability.

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