Eolia plans to go public
Eolia, the alternative energy company founded by my dear friend Miguel Salis Canosa and in which I was an early investor, is going public on Madrid’s stock exchange at a valuation between 800 and 900 million euros (according to the newspaper Expansión), an impressive success in less then 3 years.
Eolia was founded in 2004 as the first investment fund in Spain in renewable energy with financing from the investment bank Nmás1, Bankinter, BBK and Fonditel. In October last year Eolia completed the roll up of over 22 independent wind and solar development companies into a new company, which together with the assets of two previously launched funds (Eolia Mistral and Eolia Gregal), has resulted in the creation of the largest Spanish independent wind and solar electricity generation company, Eolia Renovables de Inversiones, of which Miguel is co founder and CEO.
Eolia controls 45 wind and solar projects in Spain and Mexico totalling around 1200 MWs in addition to a less developed project portfolio of close to 2000 MWs. They have recently signed an agreement to incorporate 150 MWs of French and German wind farms from a European company.
Posted on General, Investments | 8:34 pm
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Posted by Gustavo L - February 2, 2008 12:30 am - #
*Raised 155 million euros
*IPO exit of 800 to 900 million euros
*Three year timeframe
*Integrated 20 acquired businesses in that time frame
= VERY IMPRESSIVE!!!!
Your friend Miguel is is quite the operator and executes.
Congrats!
Posted by aml - February 12, 2008 3:07 pm - #
Do you happen to have Eolia Renovables de Inversiones’s website URL or contact information?
I searched the web but could not locate the company’s website.
It seems rather curious that an IPO bound company does not have a web presence.
Posted by John Cutler - March 30, 2008 5:51 am - #
Martin,
We have developed a system in the US called Community Choice Aggregation where cities issue muni bonds to fund local and near-to-city renewable energy on a massive scale. It relates to what you have done with Eolia. The ultimate problem with the Eolia model is that all of the power produced by small developers must be bought and transmitted through the old monopolies. We have developed a system where generation is separated from transmission, and public funds are used to scale up the development of new resources… If you are having another gathering in Menorca this year we would like to attend and talk about it, could not make it last year.
Regards,
John Cutler
Local Power Inc.
35 Grove St. #118
San Francisco, CA 94102
http://www.localpower.com
Posted by Dan - July 15, 2008 11:49 am - #
Looks like it is managed by these dudes:
http://www.nplus1.es/Home/BusinessAreas/RealAlternativeInvestments/Eolia/tabid/99/Default.aspx?PageContentID=75