Announced
Financials
Sources
Tags
Joint Venture
Pending
Acquisition
Majority
Friendly
Private Equity
Spain
Single Bidder
solar projects
Renewable Energy Equipment
Private
Cross Border
Synopsis
CPPIB-backed Renewable Power Capital, a renewable energy investment platform, is set to form a joint venture with Benbros Solar, a Spanish photovoltaic developer. The joint venture will be structured as 50:50 deal. Financial terms were not disclosed. “This partnership with RPC presents us with a fantastic opportunity for growth. We have been leaders in Spanish-based solar for some time and the region in which we operate is a well-known market for subsidy-free financing. Our expertise and RPC’s flexible mandate position us as the partner of choice for developers in the region," Rafael Benjumea, Benbros CEO.
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