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Ines_Prieto
15:19 el 17 septiembre 2013

ACCIONA Energia selected by the US Army for the development renewable energy projects

ACCIONA Energia selected by the US Army for the development renewable energy projects ( 02/09/13 and 11/09/13)

In the last weeks ACCIONA has been short-listed by the US Army as potential contractor of solar PV and wind projects.

As a result, ACCIONA will be able to take part in future tendering processes to supply renewable energy to the US Army under PPA schemes.

This is good news for ACCIONA, as it recognizes the company’s technological and managerial capabilities. It will also improve ACCIONA’s growth potential in the US, where a PPA is, as a general rule, a prerequisite for undertaking new investments. (A PPA increases cash flow visibility and facilitates project finance.)

It is important to note that the pre-selection process does not entail an obligation by the company to bid or invest in particular projects. Inclusion in the Army shortlist simply gives ACCIONA the opportunity to take part in future US Army tendering processes if they are considered attractive.

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