Capital Dynamics finishes 50MW Spanish solar buy

Mar 3, 2021 01:17 PM ET
  • Puerto Real 2 project will come online in the initial quarter of next year
Capital Dynamics finishes 50MW Spanish solar buy
Image: APPA/Unsplash]

Capital Dynamics has actually completed the acquisition of the 50MW Puerto Real 2 solar ranch in Spain from WElink Group for an unrevealed price.

The subsidy-free project, situated in the town of Puerto Real in Cadiz district, will certainly neighbour the 133MW Puerto Real 1 project, which Capital Dynamics obtained from WElink in March 2020.

Building And Construction of Puerto Real 2 will certainly start this month, with commercial procedures anticipated in the very first quarter of 2022.

As soon as the project is operational, Capital Dynamics will certainly have invested in over 480MW of subsidy-free solar projects in Spain.

During building around 150 workers, lots of from the local area, will certainly be used on the construct, Capital Dynamics claimed.

Capital Dynamics tidy energy facilities director Dario Bertagna stated: "Puerto Real 2 is an all-natural addition to our existing portfolio and further enhances our capacity to offer cost effective, subsidy-free renewable resource to Southern Spain.

" The project will benefit from Puerto Real 1's existing development framework, including the extension of job opportunity for the local manpower.

" We additionally anticipate reinforcing our partnership with WElink as we continue the growth and construction of tidy power projects across Europe."

Baker McKenzie functioned as legal counsel to Capital Dynamics on the purchase and also Everoze functioned as technical consultant.