Moody's: Spanish utilities Endesa, Gas Natural gain after scooping up new renewables capacity
Announcement: Moody's: Spanish utilities Endesa, Gas Natural gain after scooping up new renewables capacity. Global Credit Research- 14 Sep 2017. London, 14 September 2017-- Spain's latest series of renewables capacity auctions is credit positive for large utilities, which won almost a quarter of the new capacity, as it supports their strategies to expand emissions-free generation, says Moody's Investors Service in a report published today.EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
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