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Sinae Energia y Medioambiente and Becosa merger leads to investment in Andalucia
1 September 2001
As part of its strategy to boost its activities in Andalusia, Sinae Energía y Medioambiente has bought 60% of Becosa, the renewables affiliate of one of the region's leading engineering and industrial construction groups, Detea. Sinae, which pumped ESP 583.5 million (EUR 3.5 million) into the merger, will now shift all its activities in the region to Becosa. The merger coincides with Becosa's EUR 108 million renewables investment plan for Andalusia, which aims to install 349 MW from a series of renewable energy installations, including five wind stations. Sinae's 112 MW of operating wind capacity in Spain includes the 13.2 MW Enix wind station in Almería -- one of only two in Andalusia to have gone up outside the wind development hot spot of Tarifa. Sinae operates a further 61 MW from other renewables and is currently building a 10 MW biomass plant in the Andalusian province of Jaen.
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