InfraRed Capital Partners agrees to acquire 1.5GW solar portfolio from Progressum Energy Developments
InfraRed Capital Partners has signed a sale and purchase agreement with Progressum Energy Developments o acquire a 1.5GW subsidy-free, solar photovoltaic portfolio in Spain, known as Giralda.
The portfolio is being developed by Progressum, part of the Bester Group, and comprises a number of utility-scale plants located in the regions of Andalusia and Castile La Mancha in Southern Spain.
The deal is the seventh investment of InfraRed Infrastructure Fund V – a 12-year term OECD focused development infrastructure fund with US$1.2bn of committed capital and a mandate to invest in three main areas: (i) transportation, economic and social infrastructure, (ii) renewable and sustainable energy generation and (iii) energy supporting infrastructure.
Country updates
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March 01, 2019
Iberdrola completes 18.3-MW wind project in Tenerife
Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy in the Canaries to continue their contribution to energy transition. T...
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February 26, 2019
X-Elio awards construction contracts for 300 MW Spanish solar projects to Eiffage Energia
Eiffage Energía has announced that it has been contracted to construct several solar parks in Spain and their respective connection substations, owned by X-Elio.&n...
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February 22, 2019
Canary Islands approves development of 6.9 MW Parque Eolico Los Nicolases wind project
The government council of Canary Islands has approved the development of the 6.9 MW Parque Eolico Los Nicolases wind project proposed by Gas Natural Fenosa Renovables SLU, a unit of&nbs...
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February 19, 2019
Platina Partners sells 30 MW Spanish solar PV portfolio to Q Energy
Platina Energy Partners LLP has sold a 30 MWp portfolio consisting of four operating solar plants located in Spain to a Spanish investment manager, Q-Energy. Platina acquired the four solar PV p...
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February 18, 2019
Marguerite concludes 100 MWp Spanish solar PV acquisition with OPDEnergy
Marguerite, a European infrastructure fund, has acquired an 80% stake from OPDEnergy in two ready-to-build solar PV assets with a total capacity of 100 MWp located in Merida (Extremadura region) and C...
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