Mytilineos completes acquisition of 50 MW Spanish solar farm in Andalucia
Greek industrial group Mytilineos SA, through its Renewables and Storage Development (RSD) Business Unit, has acquired a 50 MW solar project in Spain (Jaen Solar Farm) from Viridi RE.
The Solar Farm is located in the South East of Spain and specifically in the Μunicipality of Jaén (Andalucía). This is an area that benefits from one of the best irradiations in Spain and thus is essential for investing in solar activities.
The Jaen project is ready-to-build and the construction is scheduled to start in the first quarter of 2021. The solar farm will be connected to the high voltage Endesa substation.
The transaction lies with MYTILINEOS’ renewable development strategy in Europe and the Solar Project is part of a wider pipeline in Spain.
MYTILINEOS was advised by WFW on the acquisition. Viridi RE was advised by MONTERO|ARAMBURU ABOGADOS and on the financial and deal structuring process by Green Enesys Group GmbH.
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