Schroder Salomon Smith Barney (SSSB) and Banco Bilbao Vizcaya Argentaria (BBVA) demonstrated the depth of demand for European alternative energy stocks with a €127m ($107.9m) block trade for Spanish wind farm developer Gamesa on Friday.
The bank sold the stock at a 3.7% discount to the market price after investors in the US and Europe ordered shares. A banker who worked on the deal said: "This is a sector heavily in favour at the moment. Wind energy is the world's fastest growing renewable energy."
