Aquila Capital completes purchase of 700 MW wind and solar projects in Spain
Aquila Capital has disclosed that it has completed the purchase of a portfolio of project rights for renewable energy projects in Spain with a total capacity of more than 700 MW. It consists of over 400 MW of onshore wind projects and around 300 MW of solar projects, construction of which is expected to commence by the end of 2019 with grid connection expected by 2021.
Based on the very favourable local conditions and the strong decrease of technology costs over recent years, renewable energies in Spain can be operated profitably independent of state subsidies. In order to secure project revenues, Aquila Capital intends to contract long-term power purchase agreements (PPAs).
Aquila Group is an experienced and long-term investor in essential, real asset investments.
Country updates
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March 29, 2019
Enel Green Power starts construction of 3 wind farms in Spain
Enel Green Power España (EGPE), Endesa’s renewable energy unit, has started construction of three wind farms for an overall capacity of around 90 MW spread across the municipalities of Al...
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March 19, 2019
AIMCo completes acquisition of majority stake in Eolia
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March 19, 2019
Naturgy sets to build nine wind farms in Castilla y León
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