Announced
Financials
Tags
Private Equity
Private
Friendly
Alternative Electricity
power generation
solar power plants
Spain
Acquisition
Cross Border
Pending
Minority
Single Bidder
Synopsis
InfraRed Capital-backed The Renewables Infrastructure Group, an investment company, agreed to acquire a 49% stake in Valdesolar solar plant of Repsol, a firm that explores for and produces crude oil and natural gas, for €117m ($123m). "We are delighted to incorporate TRIG as a strong partner in Valdesolar. This transaction again demonstrates the attractiveness of our renewable projects, accelerating the crystallization of value in operating assets, with the objective of reinvesting in new opportunities that will help us reach 6 GW of installed renewable generation capacity by 2025, and 20 GW by 2030," João Costeira, Repsol Executive Director of Low Carbon Generation.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.