RenerCycle closes its second round of capital increase in less than a year and appoints Javier Villanueva as Chief Executive Officer
Summary
RenerCycle, created to develop business solutions in the field of the circular economy, is backed by ten leading companies with recognized experience and international activity in the renewable energy sector. The operation, which also includes the signing of a new shareholders agreement, has been advised by the law firm IDALIA.RenerCycle was created in 2022 by 18 companies in the renewable energy sector in response to the current climate crisis and continuous degeneration of the planets biodiversity. Aware also that national and international public authorities are establishing regulatory frameworks aimed at supporting strategies and policies that facilitate the promotion, consolidation and development of circular economy business projects. All this in order to contribute to achieving a sustainable, decarbonized economy, and more efficient in the use of natural resources while favoring the competitiveness of the renewable industry, aligned with the main initiatives for the safeguarding of the environment.After eighteen months of work, the company has approved its business plan for the next five years. It is estimated that in 2030 more than 500,000 tons of wind blades will have reached the end of their useful life, of which 170,000 tons correspond to the Spanish market.RenerCycle will initially focus its services on the wind sector to meet the growing need of this industry, although it was born with the vocation of developing circularity solutions as the market demands them in the wind field and in the solar photovoltaic and battery storage fields.Representatives of RenerCycle member companies (from left to right and bottom up): Ana Goyen (Ingeteam), Sara Bernaldo de Quir\xf3s (ACCIONA Energ\xeda), Alfonso Garc\xeda (RWE), Miguel Angel L\xf3pez de Aguileta (ACCIONA Energ\xeda), Victoria Marinescu (Idalia), Jes\xfas C\xeda (Idalia), Ciro Larra\xf1eta (Tetrace), Javier Sanz (EIT InnoEnergy), Fernando Carballo (Enerfin), Juan Pe\xf1a (Enhol), Jorge Ruiz (EO6 Ingenier\xeda), Javier Martinez (Enhol), Kepa Sainz (NORDEX) and Javier Villanueva (ABINTUS Consulting & Innovation)