Endesa closes acquisition of 900 MW Spanish solar projects
Date
August 03, 2021
Type
M&A Transactions
Subtype
Transaction completed
Countries
Spain
Subsectors
Photovoltaic
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Endesa has acquired a photovoltaic portfolio of 900 MW from the Spanish developer Prodiel. The portfolio includes eight projects in late stages of development, with sites located in various municipalities in Castilla la Mancha and Madrid. The installation of which will include a investment of EUR630 million (US$747.5 million).
Construction of the projects is expected to begin in 2023 and will foreseeably enter into operation between that year and 2024.
