EQT-backed Tion Renewables completed the acquisition of a 104 MW solar portfolio of EDPR for €81m.

EQT-backed Tion Renewables, a renewable energy power producer, completed the acquisition of a 104 MW solar portfolio of EDPR, a global renewable energy company, for €81m. “This transaction is a landmark for Tion, demonstrating our ability to execute large-scale deals while securing a high-quality portfolio of assets from a prime developer. A key feature of this portfolio is the 15-year PPAs. Long-term PPAs like these are rare to find in the Spanish market and perfectly fit our strategy to grow and diversify our contracted revenue base,” Christoph Strasser, Tion Co-Founder & CIO.