Galp completed the acquisition of photovoltaic assets of ACS Group for $2.5bn.

Galp, a Portuguese-based energy company, completed the acquisition of photovoltaic assets of ACS Group, a Spanish company dedicated to civil and engineering construction, for $2.5bn. “The closing of this transaction represents a significant step towards our renewables business ambitions, establishing Galp as the largest solar operator in Iberia through the incorporation of a high-quality generation portfolio, and will be an important part of our energy transition path," Carlos Gomes da Silva, Galp CEO.