Ence completes acquisition of 50 MW Spanish CSP project from Iberdrola

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Ence Energia y Celulosa SA has closed the acquisition of a 90% stake in the 50 MW Puertollano solar thermal power plant from Iberdrola.

The parabolic trough project is located in Castilla La Mancha, Spain. It generates 103,000 MWh annually and spans 287,760 square meters.

The agreed price amounts to EUR139.5 million (US$159 million), excluding a cash balance of EUR41.5 million (US$47 million). Additionally, a further earn-out up to EUR6.3 million (US$7 million) will come out later.

Ence Energia Solar has also assumed the ownership of a loan granted by Iberdrola Financiacion to Ibersol.

 

List of the country updates

Country updates

  • November 29, 2018

    BayWa is on schedule on Spanish 175 MWp zero-subsidy PV park

    BayWa r.e. is on schedule with the construction of the 175 MWp Don Rodrigo photovoltaic solar project in Andalusia, southern Spain. With the rate of 10,000 solar panels per day, around two thirds of...

    Read more
  • November 27, 2018

    Falck Renewables closes the acquisition of 10 MW wind project from EEC

    Falck Renewables S.p.A announces the closing for the acquisition of 49% of Energia Eolica de Castilla S.L. (EEC) from ASCIA Renovables S.L., as announced on July 25, 2018. EEC owns a wind plant, loca...

    Read more
  • November 25, 2018

    EDP Renewables opens Muxia wind park in Spain

    EDP Renewables, has inaugurated today the Muxía Wind Farm in the homonymous municipality, in the Autonomous Spanish Region of Galicia. The Muxía facility is equipped with thirty-four 2...

    Read more
  • November 21, 2018

    Canary Islands inaugurates 41 MW wind power complex

    Naturgy  has opened the Agüimes wind power complex in Gran Canaria, Canary Islands. The eight wind farms that make up the Agüimes wind power complex have a total of 16 wind turbin...

    Read more
  • November 20, 2018

    Solarcentury receives go ahead from Andalusian government for four solar projects

    Solarcentury has received the go ahead from the regional government in Andalucia to construct four solar parks in Alcala de Guadaira, Seville, Spain. The projects are known as “Cerrado Cabrera&r...

    Read more

Share this update