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    Home > News > Power News > News Article

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    Verbund to Acquire Solar and Wind Projects in Spain


    May 11, 2022 - Marketline - Deals

     

      Deal In Brief

      Verbund AG, an electricity utility company that generates, transmits, trades, and distributes electricity, has agreed to acquire renewable projects portfolio in Spain, from funds managed by Q-Energy Group, a fund manager focused on renewable energy, energy transition and sustainable infrastructure. The combined installed capacity of the portfolio will be 4,582 MW

      The portfolio is consisting of a regulated and operational solar portfolio, with a total installed capacity of 82 MW. It also includes an extensive development platform (wind and solar), together with its development team. Approximately 2,100 MW of this platform is at an advanced stage of project development, while around 2,400 MW are greenfield projects. On the basis of projected capacity, the geographic focus of the projects lies in the Castilla–La Mancha region in Central Spain and in Andalusia, Southern Spain.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Announced: 2022-05-09

      Deal Participants

      Acquirer (Company) Verbund AG
      Vendor (Company) Q-Energy Ltd

      Deal Rationale

      % Acquisition 100%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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