Falck shuts buy of 50-MW solar park to get here in Spain

• Italy-based Falck Renewables SpA (BIT: FKR) has finalised the procurement of Desafio Solar SLU, the project lorry behind a 49.88-MW solar plant in Spain.

With this relocation, first introduced in late March, Falck seals in access in Spain's solar market.

Falck paid about EUR 22 million (USD 26.5 m) to get 100% of the automobile business from Caicos Directorship SL, a company owned by Fund IV, taken care of by Everwood Capital SGEIC SA, it said today.

The arrangement also consists of the Italian company taking control of the superior project financing, funding the procedure with very own resources, according to the previous statement.

Functional given that June 2020, the PV park lies in the municipality of Escatron, Aragon region. The solar farm can creating some 88.7 GWh of power annually as well as has a power purchase contract (PPA) in position covering 70% of its result, Falck kept in mind.