Aquila fund takes Portuguese solar rate of interest

• The 60MW Ourique PV project has been functional considering that December 2019

A subsidiary of London-listed Aquila European Renewables Earnings Fund called Tesseract Holdings has completed the acquisition of a 50% rate of interest in the 60MW Ourique solar farm in Portugal.

Ourique is located in Alentejo as well as began operations in December 2019.

Its power price bushes cover 100% of the produced energy until March 2026, Aquila claimed.

The project is anticipated to save 17,035 tonnes of CO2 discharges a year.

The fund has actually has now released or committed every one of its surplus resources that was available for financial investment task, following conclusion of the bargain.

Solar assets represent over 25% of the funds portfolio.