Spain's EiDF acquires 75 MW of mature solar projects in the house

• Spanish company Energia, Innovacion y Desarrollo Fotovoltaico, or EiDF Solar, introduced today the acquisition of a portfolio of 75 MW of solar PV projects in its house country.

The firm closed the transaction for EUR 3 million (USD 3.4 m), it stated without calling the seller.

The acquired projects, situated around Catalonia, Murcia as well as Navarre, remain in sophisticated advancement stages, with building and construction as well as commissioning anticipated to begin soon, EiDF said in journalism release.

EiDF specialises in the installment of self-consumption systems for organizations, and is functioning in the direction of establishing vertical integration of its services. The latest acquisition assists the company enhance its power generation department and also broadens the division's pipe to 860 MW, EiDF stated.

The strong projects the generation division will be able to acquire EUR 73 million in incomes in 2022.

The solar company claimed that it additionally intends to put about 50 MW right into operation by the end of 2021 and very early next year. The output from these plants will be delivered to EiDF's retail system.