China Three Gorges to acquire a majority stake in NCP Mula Solar from Northleaf Capital Partners and Qualitas Energy.

China Three Gorges, a Chinese state-owned power company, agreed to acquire a majority stake in NCP Mula Solar, a 494 MWp solar photovoltaic plant located in Murcia, from private equity firms Northleaf Capital Partners and Qualitas Energy. Financial terms were not disclosed. “Northleaf’s successful sale of Mula underscores our ability to consistently deliver value by focusing on mid-market infrastructure assets with stable cashflow, strong yield and inflation linkage. Our approach to bilaterally sourcing, prudently growing, de-risking, and opportunistically exiting core infrastructure assets is how we achieve attractive returns for our investors across market cycles," Roderick Gadsby, Northleaf Managing Director & Head of European Infrastructure.