Capital Dynamics completes acquisition of 50 MW Puerto Real 2 Solar Project in Cadiz

Capital Dynamics' Clean Energy Infrastructure (CEI) business has completed the acquisition of a 100 percent equity stake in the 50 MW Puerto Real 2 project from WElink Group. The subsidy-free project, located in the town of Puerto Real (Cadiz province) in Southern Spain, will neighbor the 133 MW Puerto Real 1 project, which Capital Dynamics acquired from WElink in March 2020.

Construction of Puerto Real 2 will commence in March 2021 and is expected to achieve commercial operations in the first quarter of 2022.

The Puerto Real 2 project is estimated to reduce greenhouse emissions by over 70,000 metric tons once fully operational – the equivalent of emissions produced by 16,000 passenger vehicles driven for a year or the electricity to power over 12,500 homes for a year. During the construction of the project, the site will employ around 150 workers, many from the local area.

Baker McKenzie acted as legal counsel to Capital Dynamics on the acquisition and Everoze S.L. served as technical advisor.