Cubico agrees to acquire three solar PV projects in Portugal
Cubico Sustainable Investments has announced that it has entered into agreements to acquire three operational, fixed-tilt, ground-mounted solar photovoltaic projects in the Algarve, Portugal, totalling 29.4MW, from CEF Energia Ibérica B.V., a solar power plant company backed by Glennmont Partners. The projects involved are:
- 15.8 MW Avalades solar project
- 6.8 MW Sol Cativante V solar project
- 6.8 MW Ferreiras solar project
Following the acquisition, Cubico’s Iberian portfolio will comprise eight assets, with a total capacity of 209 MW, across solar PV, solar thermal and wind technologies.
Cubico’s team in Madrid will be responsible for managing the plants going forward and Voltalia will continue to provide full-scope O&M services.
Country updates
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August 09, 2018
Iberdrola starts assembly of turbines for Gouvães Hydroelectric Complex, Portugal
Assembly of the first hydroelectric turbine in Gouvães has begun, a key milestone in the construction of Iberdrola's Tâmega Hydroelectric Complex in the Portugal. This...
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August 02, 2018
WElink Energy opens 46 MW unsubsidised solar project in Portugal
WElink Energy has announced that the Central Solar Fotovoltaica Ourika, a 46 MW photovoltaic power plant located in Ourique, in the south of Portugal, has been inaugurated. The plant is the large...
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August 02, 2018
EDP sells stake in 100 MW biomass-to-power portfolio in Portugal
EDP – Energias de Portugal, S.A. (EDP) has agreed to sell 50% of the share capital, credits and voting rights in the share capital of EDP Produção – Bioeléct...
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July 24, 2018
EIB signs financing for 1 GW hydropower project in Portugal
The Europe Investment Bank (EIB) has signed a EUR500 million (US$585.6 million) loan agreement, the first tranche of a total EUR650 million (US$761.3 million) funds approved, for a majo...
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June 18, 2018
Anesco has sold the project to ESB for an undisclosed sum
