Mytilineos offers 100MW of solar projects in southerly Spain to Aquila Capital

• Greek renewables designer Mytilineos has agreed to sell 100MW of PV projects in southerly Spain to Aquila Capital for a concealed amount as the German investment firm continues to expand its European PV portfolio.

The Jaen as well as Guillena solar projects each have a 50MW capacity and also are anticipated to come into procedure by the end of Q3 2022. They are both located approximately Andalucia and also are presently under construction by the Mytilineos Renewables as well as Storage Development (RSD) service system.

Andrew Wojtek, head of investment management at Aquila Clean Energy for EMEA, claimed he was very delighted with the purchase's "strategic fit".

" On the one hand these really advanced solar projects are an excellent enhancement to our neighborhood portfolio, with operations to start as well as investor go back to be generated still in this year," stated Wojtek. "On the other hand, this teamwork with a solid worldwide company like Mytilineos supplies wonderful potential for the future."

Aquila capital last month bought a regulating stake in 421MW of solar PV and also 90MW of energy storage in Italy from Spanish solar business Soltec under a co-development contract.

Nikos Papapetrou, basic manager of the RSD company unit, claimed Spain was "among the most essential markets for Solar PV in Europe, with considerable capacity boost targets", with the Greek commercial group's renewables and storage device continuing at "full speed" adhering to a solid 2021.