Opdenergy repossesses control of 150 MW PV portfolio in Spain

Mar 25, 2021 08:33 AM ET
  • Renewables designer Opdenergy has finalised the buy-back of 3 solar photovoltaic (PV) farms amounting to 150 MW in Spain.
Opdenergy repossesses control of 150 MW PV portfolio in Spain
Image: saurenergy.com

The Spanish company claimed it has acquired an 80% risk in each of the plants from European infrastructure fund Marguerite II as part of its campaign to become an independent power producer (IPP) in Europe and the Americas.

The Marguerite fund obtained the bulk stakes in the solar triad in 2019, before building started.

Opdenergy, which initially developed the projects, now owns 100% interest in the plants. The company was granted these projects in Spain's renewables auction in 2017, it stated in a news release on Tuesday.

The three 50-MW plants-- La Fernandina around Extremadura and also Miramundo and Zafra in Andalusia-- have functioned because 2019. Each of them has a ten-year artificial power acquisition agreement in place with UK energy Centrica Plc (LON: CNA).

With this transaction, Opdenergy's attributable set up ability in Spain grows to 261 MW as well as around the world to 468 MW, the firm added.

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