Opdenergy completed the acquisition of an 80% stake in three 50MW solar photovoltaic parks from Marguerite.

Opdenergy, an independent power provider, completed the acquisition of an 80% stake in three 50MW solar photovoltaic parks from Marguerite, a pan-European equity fund. Financial terms were not disclosed. “We are delighted to have supported the construction of low-subsidy renewable assets in Spain with highly competitive LCOE in selected locations with high irradiation levels. In partnership with Opdenergy, our involvement has contributed to support achievement of climate change targets and boosted the local economies, consistent with Marguerite’s sustainability strategy. This project successfully demonstrates our strategy of working alongside one of the leading solar PV developers and actively managing high quality infrastructure assets to deliver attractive returns to our investors,” William Pierson, Marguerite Managing Partner.