Green Arrow acquires 508MW Spanish solar portfolio

• Projects bought for EUR400m+ from Progressum Energy Growth

Green Arrow Capital (GAC) has actually acquired a portfolio of solar PV projects under advancement in Spain with an overall anticipated capacity of 508MW and also an overall value of EUR400m+ from Progressum Energy Development (PED).

The bargain was performed with its subsidiary Green Arrow Infrastructure of the Future (GAIF) Fund.

GAC is just one of the leading independent Italian drivers in the alternative financial investment globe, with possessions under administration amounting to EUR1.8 bn.

GAIF, released by GAC at the beginning of 2021, has increased near to EUR300m to date.

The pipe gotten by GAIF in 2021 currently consists of 800 MW+ functional, unfinished and also ready-to-build photovoltaic, wind and hydroelectric plants along with biomethane manufacturing, storage/EV-charging infrastructure and also 5G tower projects

The Watson Farley & Williams Madrid Corporate group encouraged GAC on the deal, led by Madrid office head as well as corporate partner María Pilar García Guijarro.

Pilar said: "We are delighted to have recommended GAC on this significant financial investment in Spain which aids settle and increase their international renewables footprint.

" Recommending on this issue additionally entrenches WFW's track record as one of the leading law firms for energy industry M&A deals in Spain."