Energy Central Professional

 

Verbund to Acquire Solar and Wind Projects in Spain


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%

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