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.