Spain's Ence Energia alters name to Magnon Green Energy

• Ence Energia, the renewable resource system of Spanish pulp manufacturer as well as energy group Ence - Energia y Celulosa SA (BME: ENC), has actually been relabelled to Magnon Green Energy, the group revealed on Wednesday.

The name change as well as a brand-new visual identification reflect the Ence group's commitment to renewable energy, and will make its renewables brand name much more visible, the company's leaders claimed.

Ence Energia, and also now Magnon, operates eight biomass-fired plants with the mixed set up capacity of 266 MW across Spain.

The company said that it will remain to focus on creating photovoltaic (PV) and also biomass-based power plants, as well as other services that add to decarbonisation.

Marc Gomez, selected as Ence Energia's CEO in January, will certainly remain at the helm of Magnon Green Energy.

Ence Energia/Magnon's minority companion is UK facilities financial investment manager Ancala Partners LLP.