1 / 21

Doing business in Spain

Doing business in Spain. Anna-Lena Göppel Azbah Munajed Elisabeth Schlappa. Aim of our project. GLENER. We are Glener a German company from the renewable energy industry We have received three offers for entering the Spanish market : Wind park Small- Hydro plant

alayna
Download Presentation

Doing business in Spain

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Doing business in Spain Anna-Lena Göppel AzbahMunajed Elisabeth Schlappa

  2. Aim of our project GLENER • WeareGlenera German companyfromtherenewableenergyindustry • WehavereceivedthreeoffersforenteringtheSpanishmarket : • Wind park • Small-Hydro plant • Photovoltaic-PV plant

  3. Stereotypes What do German peoplethinkaboutSpaniards!

  4. Economic Crisis • Housingcrisis • High rate ofunemployment • Growing national debt

  5. Spanish mentality • Always loud speaking • A lot of body language • Friendly, open-minded • “If we can´t do it today we will do it tomorrow.”

  6. Important intercultural elements

  7. When doing business… • Personal contactisveryimportant • Youneed a lotof time forthenegociacions • A delayofabout 10 minutesisneigtherunusualnoruncordial • Improvisation insteadofplanning • Not familiarwiththe English language

  8. Advantages and Disadvantagesof Spain for German investors

  9. Advantages of Spain • EU • same currency • novisa • noresidence • financialboost • Prices forSpanishcompaniesarecheap (crisis) – goodaquisitions • Network of high quality modern infrastructures • Goodpossibilitiesin thesectorofrenewableenergys

  10. Disadvantages of Spain • Crisis (dark future?) • High corporate taxes (Germany: 15%, Spain: 30%) • Starting a business is complicated (Spain: 133, Germany: 98) • High bureaucracy

  11. Currentsituation for the Spanishrenewable energy industry

  12. Rate of renewable energies at the generation of electricity in Spain

  13. Positive aspects • Spain hasinvested a lot in renewableenergies • Existingcompanies still getfeed-in tariffs • Energypolicy reform-> promotionofrenewableenergies

  14. Negative aspects • Nomorefeed-in tariffsfornewplants • Renewableresourceswithoutcontrol

  15. Financial evaluation

  16. Internal Rate of Return (IRR)

  17. Conclusion • Renewableenergies will bemoreandmoreimportant • The Small-hydro electric plant is the most profitable • Spain offersgoodbusinessopportunities!

  18. MUCHAS GRACIAS a vuestros profesores Nuria López Mielgo and Enrique Loredo Fernández

More Related