TSK markets its La Africana concentrated solar energy plant to the Q-Energy fund

• TSK has actually accepted offer its solar energy plants in operation in Spain to Q-Energy, Qualitas Equity's sustainable property fund supervisor.

The business chaired by Sabino García Vallina has actually thus moved a part of its subsidiary Esersa, for which a year ago it discovered the opportunity of going public. Specifically, it has moved its risks in the La Africana solar thermal plant and also in the photovoltaic facilities of Sirius Solar, Madrigalejo and also Rosalejo, with a consolidated installed power of 71.75 megawatts (MW).

The divestment of the mass of the renewable centers in operation of TSK in Spain fits within the team's fully grown asset rotation approach, given that the plants sold have stayed within the perimeter of the Asturian firm for greater than 10 years.

TSK has thrown away a part of its subsidiary Esersa, which in any case "is except sale and will remain to belong" to the Asturian team, according to official resources. Therefore, it preserves its stake in the Durango solar power complicated, in Mexico, with 360 MW installed, and in the San Fermín solar plant, in Puerto Rico, with 27 MW. Similarly, "it will continue to create brand-new sustainable plants." Along with Spain, Mexico and also Puerto Rico, the firm has experience in various other nations such as France, Jordan, Egypt, El Salvador, Kuwait and also Panama.

Engineering has a consolidated track record as a developer and building contractor of renewable energy plants in wind power, solar, focusing solar energy, biomass, hydraulic and also geothermal technology, in addition to in hybrid and storage space plants where it is presently building one of the most sophisticated plant worldwide in Morocco.

One of the most useful property moved by TSK to Q-Energy is the La Africana solar thermal plant, situated in the south of Córdoba and with a capability of 50 MW. The Asturian firm advertised the setup together with Magtel and also Grupo Ortiz as well as had a 39.34% stake. This job included an investment of 387 million euros.

On the other hand, in terms of solar plants, Madrigalejo, in Cáceres, has a capacity of 2.9 MW, and also Rosalejo, likewise in the Extremadura province, 0.85 MW.

Sirius Solar, for its component, manages a portfolio of 18 photovoltaic MW in the municipalities of Las Gabias and La Malahá as well as the El Marquesado region, in the district of Granada. Q-Energy has acquired the 30% possessed in this business by TSK and 70% of Altair Solar, a financial investment automobile linked to Alberto Soria Contreras, proprietor of Melfosur. With this, the fund has actually taken control of 100% of the company, which subsequently has 153 investee business.

TSK has actually thus selected a partial sale of Esersa's possessions after the Covid-19 situation definitively irritated the purpose to take this subsidiary public. An operation that belongs to your strategic plan and that enables you to reinforce your balance sheet.