Announced
Financials
Tags
Pending
solar farms
Acquisition
Spain
Private
Single Bidder
Alternative Fuels
Friendly
Cross Border
Majority
Synopsis
Greencoat Renewables, a renewable infrastructure company, agreed to acquire a 50MW solar farm from Lightsource, a global solar developer. Financial terms were not disclosed. "The combination of low-cost renewable energy, and a well-developed Corporate PPA market make Spain a very attractive target for renewable energy investment. We're delighted to secure such a high-quality asset from Lightsource bp and have sight of further value-accretive opportunities in Spain. As the renewable generation market continues to develop, we expect to see greater opportunity in the unsubsidised renewable market and believe Greencoat Renewables is well positioned to benefit both in Europe and in Ireland," Paul O'Donnell, Greencoat Partner.
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