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Latest Hamel Renewables News
Jan 15, 2021
Author of the article: Article content MADRID — Spanish power company Naturgy plans to invest up to $1.8 billion in the United States after making its first push into the U.S. market with a deal to buy a solar energy developer, the company said on Friday. Naturgy plans to make the investments over a five-year period, it said, announcing the acquisition of Hamel Renewables in a transaction valuing the firm at $57 million including debt. We apologize, but this video has failed to load. Try refreshing your browser, or Naturgy to invest up to $1.8 bln in U.S. after solar acquisition Back to video The deal includes an exclusive agreement with San Francisco-based Candela Renewables to develop Hamel’s portfolio, which contains 8 gigawatts (GW) of solar projects and 4.6 GW of storage. Two sources familiar with the matter told Reuters on Wednesday that Naturgy was close to signing a deal with Candela, which was founded in 2018 by former First Solar employees. Twenty-five of the projects, representing 3.2 GW of solar capacity and 2 GW of storage, could be up and running by 2026, Naturgy said. ($1 = 0.8234 euros) (Reporting by Inti Landauro and Isla Binnie. Editing by Mark Potter) Article Sidebar Share this article in your social network Share this Story: Naturgy to invest up to $1.8 bln in U.S. after solar acquisition Sign up to receive daily headline news from Regina Leader-Post, a division of Postmedia Network Inc. Email Address There was an error, please provide a valid email address. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it please check your junk folder. The next issue of Regina Leader Post Headline News will soon be in your inbox. We encountered an issue signing you up. Please try again
Hamel Renewables Frequently Asked Questions (FAQ)
Where is Hamel Renewables's headquarters?
Hamel Renewables's headquarters is located at San Francisco.
What is Hamel Renewables's latest funding round?
Hamel Renewables's latest funding round is Acquired.
Who are the investors of Hamel Renewables?
Investors of Hamel Renewables include Naturgy.
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