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Announced

Bruc Energy to acquire 20 solar projects in Spain from Opdenergy for $820m.

Financials

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Transaction Value£596m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

solar power plants

Spain

Renewable Energy Equipment

Friendly

Infrastructure

Pending

Acquisition

Domestic

Single Bidder

Synopsis

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Bruc Energy, an operator of solar projects in Spain and Portugal, to acquire 20 solar projects in Spain from Opdenergy, an independent sustainable energy producer focused on solar photovoltaic and onshore wind technologies, for $820m. “We thank Bruc Energy for the trust placed in Opdenergy. We have once again demonstrated our ability to negotiate financing alternatives for our business model and the quality of our project portfolio. This agreement is a very important milestone for us and our company, as it will allow us to continue developing new clean energy projects and to continue executing our business plan," Luis Cid, Opdenergy CEO.

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