Capital Energy, the cover that wins in the electricity-Government war: "The investment appetite in Spain is very high"

The latest auction of renewables organized by the Government has been more news for the large electricity companies that have decided not to go to the bidding due to the situation of "regulatory uncertainty" in the country than for those that have chosen to take over the auctioned capacity.

And among the latter, one stands out above all,

which has done by itself with half of the power in the bidding and has allowed energy vice president

to save the furniture

Who is this company? Do you have the capacity to carry out all the projects committed to before the Government? Capital Energy boasts 20 years of experience in the energy sector, although its leap occurred last year with a strategic reorientation with which it aspires to become the first 100% renewable integrated electricity group. In other words, the leader with 'green' generation capacity with an integrated marketer with which to supply electricity to its customers.

Behind the company is the businessman

with family ties linked to livestock and transportation. On the Madrid circuit, he is also known for his family relationship (former son-in-law) of the president of ACS and Real Madrid,

. The owner of Capital Energy is the executive vice president and has created a top-level team to run the day-to-day business with

-ex CEO of Red Eléctrica- as non-executive president, and

ex-Enagás, as CEO. The workforce has doubled in the last two years and expects to close 2021 with 450 employees in Spain.

The company is currently working on more than 400 wind and photovoltaic projects in Spain and Portugal and aims to install a portfolio of 35 gigawatts 'green'. This figure would be equivalent, to put it in context, to a third of the current energy capacity of the national electricity system. At the end of 2020, of the portfolio of renewable assets in Spain and Portugal, 12,124 MW are under development and 20,769 MW under study.

Financing this number of projects will not be easy. "We are evaluating all the tools, both debt and equity, available in the market. We operate in an environment of high capital liquidity and a high appetite for the renewable sector. This generates competition among capital providers, which each time they structure more imaginative and efficient solutions. The important thing is to have good projects to finance. If you have them, the options are multiple ", the CEO of the firm explains to EL MUNDO.

Sánchez stands out from the criticism made by some rival companies and investors about the regulatory uncertainty in Spain after the approval of the last

that includes a millionaire hack on the income of

"The investor appetite is very high. There is not a day that one or more potential investors do not knock on our door to be interested in joint investment opportunities with us or investment in our capital or assets at different levels," he says.

In any case, it does warn of the effects that regulatory swings can generate on the consumer. "It is important that governments and competent institutions in regulatory matters, at all levels, from the European to the municipal, continue to consolidate the foundations of a framework that is as stable and predictable as possible, avoiding fluctuations that benefit no one: least of all, That said: uncertainties are not feared, they are identified, evaluated and managed in the best possible way to mitigate and minimize their potential impacts. In any case, and despite the fact that there are many things to improve, the fundamentals of the Spanish renewable sector continue to be very solid ", he highlights.

Sánchez assures that his triumph in the 'green' energy auction will not have any effect on the company's potential IPO, which was aborted before the summer due to the market situation.

"The result of the auction helps us to continue consolidating our business project for multiple reasons, but it does not necessarily accelerate a possible

concludes.

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