ACCIONA Windpower signs a contract to supply 93 MW of wind power for Brazil

Spain’s Acciona sent to first loss by state energy reforms

The Spanish government’s cuts to renewable energy subsidies have been particularly harsh on mature wind power assets such as those owned by Acciona, which made a net profit of 189 million euros ($258.3 million) in 2012.

Acciona said that new regulation had a direct negative impact of 257 million euros on accounts and wiped 1.68 billion euros off the value of its renewable energy assets, sending it to a 2013 net loss of 1.97 billion euros.

ACCIONA, a global provider of renewable energy, infrastructure and water services, posted a net loss of