Repsol offloads Valdesolar risk to TRIG

Mar 31, 2022 06:28 PM ET
  • Deal worth EUR117m demonstrates 'the attractiveness' of business's renewables possessions
Repsol offloads Valdesolar risk to TRIG
Image: Repsol

The Renewables Infrastructure Group (TRIG) will certainly spend EUR117m to come to be a minority shareholder in Valdesolar, Repsol's 264MW solar project in Spain.

With bargain worths Valdesolar at EUR239m as well as Repsol will preserve operational control of the plant.

Joao Costeira, executive director of reduced carbon generation at Repsol, claimed: "We are delighted to incorporate TRIG as a strong partner in Valdesolar.

" This purchase once more shows the attractiveness of our renewable projects, accelerating the crystallisation of value in running assets, with the purpose of reinvesting in new possibilities that will certainly assist us get to 6 GW of installed renewable generation capacity by 2025, and 20GW by 2030."

Valdesolar, located in Valdecaballeros (Badajoz), has been operational since the third quarter of 2021.

The deal with TRIG is the 2nd purchase of this kind that Repsol has settled because November following the sale of a minority stake in the Delta wind project, in line with its method of turning renewable properties.

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