Tikehau Capital signs an agreement to acquire Acek's Spanish biomass business

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Tikehau Capital, through its private equity fund dedicated to energy transition, has signed an agreement to invest in the biomass assets of Acek Energias Renovables.

The transaction, representing an enterprise value of EUR81 (US$90.5) million (in addition to earn-outs), is the first investment of Tikehau Capital’s private equity funds in Spain.

The transaction includes the 17 MW biomass plant in Garray (Soria), several long-term operation and maintenance contracts in Spain and Portugal, as well as its industry-leading engineering business in Puerto de Santa Maria (Cadiz).

The acquired business employs over 120 people and generated a turnover of EUR64 (US$71.5) million in 2018.

List of the country updates

Country updates

  • January 07, 2020

    Solarcentury secures funding for 500 MW solar projects in Alcalá de Guadaira and Cáceres

    Solarcentury has secured a new EUR54.8 million (US$61 million) banking facility with NatWest and HSBC UK, which will be used to facilitate the construction of two utility-scale solar plants in Spain,...

    Read more
  • January 07, 2020

    ACS enters agreement for Spanish solar portfolio sale

    Spanish construction engineering company ACS Actividades de Construccion y Servicios has entered into an initial agreement for the sale of about 3,000 MW solar portfolio.  The portfolio includes...

    Read more
  • January 07, 2020

    European Commission approves acquisition of Senvion's 8.9 GW European Onshore Service Business by Siemens Gamesa

    The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over certain assets belonging to Senvion GmbH of Germany by Siemens Gamesa Renewable Energy, S.A....

    Read more
  • January 03, 2020

    Kinesis Enerji buys 50 MW Andella wind project in Castilla y León

    Kinesis Enerji has acquired the 50 MW Andella wind energy project located in the Castilla y León region. The company and its partner ABO Wind expect to connect the wind farm to the grid in 2022...

    Read more
  • January 02, 2020

    Largest PV plant in Europe completed within a year

    Iberdrola has completed the construction of the Núñez de Balboa project, the largest PV project in Europe in record time, in one year. The project recently obtained its commissioning per...

    Read more

Share this update