Spanish developer agrees 373MW regional solar sale

Dec 13, 2021 03:58 PM ET
  • Ence Energia is to sell 5 PV plants to Naturgy for EUR62m
Spanish developer agrees 373MW regional solar sale
Image: Antonio Garcia/Unsplash

Spanish company Ence Energia is to market 5 solar ranches in Spain amounting to 373MW to Naturgy for EUR62m.

Ence Energia claimed the asset rotation operation has actually been executed with the objective of it continuing to invest and expand the renewable energy company and also to sustain the guarantee of the power system supply.

The firm will certainly reinvest the EUR62m in new projects, concentrating on renewable energy generated by biomass and also solar, along with power storage space.

Ence will remain to participate in the building of the 5 centers, which are located in Huelva, Seville, Jaen as well as Granada.

The properties already have network connection permits and safeguarded places.

Management handling is expected to be completed prior to conclusion of the sale to Naturgy in the coming months, Ence said.

The approximate deadlines for closing, which may be individual for each and every plant, varies between the fourth quarter of 2022 and the first quarter of 2024.

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