Foresight completes its 50 MW Spanish solar project investment
Date
June 04, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
Spain
Subsectors
Photovoltaic
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Foresight Group has announced the completion of the acquisition of the 50 MW solar PV plant in the municipality of Puebla de Guzman in south-west Spain from Solaer.
The project, which is already under construction, is expected to connect to the grid by early 2020.
Once operational, the solar farm will deliver 85 GWh per annum of clean electricity, which is expected to be sold under a long term power purchase agreement.
