Alpiq buys 18 MW of solar projects from ABO Wind in Spain

May 31, 2021 04:04 PM ET
  • Swiss power producer as well as power trader Alpiq on Monday revealed that it has gotten an 18-MW solar portfolio in Spain from Germany's ABO Wind AG (ETR: AB9).
Alpiq buys 18 MW of solar projects from ABO Wind in Spain
Image: ABO Wind

The events concurred not to disclose the financial regards to the acquisition, which they finalised in May.

The German wind as well as solar designer sold 100% of the project legal rights to 2 PV projects situated in the municipality of Madridejos, in Toledo district, central Spain. The plants will share grid affiliation facilities and are anticipated to start procedure by mid-2022, Alpiq said.

The transaction consists of an advancement arrangement under which ABO Wind is to bring the projects to ready-to-build stage.

The bargain stands for Alpiq's very first purchase of renewable energy assets in Spain. The Swiss business claimed it plans to broaden its renewables portfolio under administration in the nation, either with very own or third-party owned assets.

At present, Alpiq takes care of a portfolio of 1.5 GW in the Spanish market, including a wholly-owned 400-MW flexible consolidated cycle power plant near Barcelona.

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