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Spain's Capital Energy accelerates plans for 4 bln euro IPO, Expansion says

MADRID, Feb 22 (Reuters) - Spanish renewable energy group Capital Energy is speeding up plans to list a 25% stake on the Madrid stock market, taking advantage of heightened investor interest in clean power, newspaper Expansion reported on Monday, citing market sources.

The company could be valued at between 3 and 4 billion euros ($3.63 billion - $4.84 billion), Expansion reported.

Capital Energy, a relative newcomer to Spain’s energy market, was not immediately available for comment.

With policymakers the world over betting on renewables to help lower carbon emissions, appetite for green energy stocks is booming in Spain.

Oil and gas firm Repsol is working on spinning off its low-carbon business and selling a stake either to a partner or on a public exchange.

Engineering group Acciona announced last week plans to hive off and sell shares in its energy unit in the first half of this year. ($1 = 0.8261 euros) (Reporting by Nathan Allen; editing by Jason Neely)

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