Spanish renewables developer Ecoener plans IPO Image: Ecoener Department of Communication Spanish renewables firm Ecoener has become the latest Spanish renewables company to plan an Initial Public Offering (IPO). Ecoener said in a statement today (7 April) it hopes to raise up to €200 million (US$237.6 million) in an IPO, and will be listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges. The timings for the IPO and admission to the Spanish stock exchanges will be subject to approval from the Spanish Securities Market Commission. Ecoener has brought online 141MW of installed renewables capacity across 17 projects, around 13% of which are solar PV. It also has 142MW under construction and a development pipeline of 1.5GW across 11 countries. The company said in a statement that any funds raised from the IPO would go towards driving “organic growth” by building out the project pipeline.