Foresight Solar Fund Divests 50% Stake in Lorca Solar Farm Portfolio in Spain
Foresight Solar Fund Ltd said that it sold a 50% stake in its 99 MW Lorca portfolio in Spain.
The transaction, valued at EUR26.9 million (USD 29 Million), involves the sale of a 50% stake in the Lorca solar farm portfolio. The Jersey-headquartered investment firm, specializing in solar panels and battery storage assets, confirmed that a Luxembourg-based subsidiary of Evangelische Bank acquired the stake, marking a 21% premium compared to its holding value in the third quarter.
The Lorca portfolio comprises the 30 MW Las Salinas, 49 MW Los Llanos, and 20 MW Los Picos solar farms, which Foresight had acquired 3 years ago.
Country updates
-
-
November 07, 2023
Final close reached for Q-Energy Fund V at USD2.5 billion
Qualitas Energy has reached a final close on Q-Energy Fund V (QE V) at EUR2.4 billion (USD2.5 billion) above the vehicle's hard cap of EUR2.3 billion (USD2.4 billion) and its initial target size of EU...
Read more -
October 09, 2023
USD139 million Financing secured for 238 MW solar project in Spain
Eranovum, together with its international partners Noy Fund and Nofar Energy, has secured financing worth EUR132 million (USD139 million) for its 238 MW Sabinar solar project in Cuenca, Spain.
Read more -
October 05, 2023
30 MW concentrated solar power plant goes online in Spain
Heineken España and Engie España have commissioned a 30 MW concentrated solar power (CSP) plant with 68 MWh of storage capacity in Seville, Spain. This EUR21 million (US$21.9 million) p...
Read more -
September 29, 2023
Construction completed for hybrid wind-solar plant project in Spain
Spanish energy provider Iberdrola has finished building the hybrid wind-solar plant in Spain. A 74 MW solar facility has been established in the municipalities of Revilla Vallejera, Villame...
Read more -
August 15, 2023
Grenergy secures permits for 36.7 MW/43.37 MWp solar PV project in Valencia
Grenergy Renovables has been granted consent and a construction permit for the 36.7 MW/43.37 MWp Chambo solar farm project in the region of Valencia, Spain. The solar park will be a part of the 1...
Read more
