The transaction, marking Tion Renewables' entry into Spain, is part of EDPR's nearly €6,000 million asset rotation program for the 2024-2026 period, presented last May during the review of the company's business plan.
Addleshaw Goddard has advised EDP Renewables on the negotiation and sale of a solar PV portfolio to Tion Renewables, a German energy company in which the investment fund EQT has a stake. This transaction, valued at €80 million, includes four operating photovoltaic solar parks in Spain, with a total capacity of 140 MW, located in Aragon and Andalusia. The parks have 15-year power purchase agreements through long-term agreements (PPAs).
The Addleshaw Goddard team that participated in this project has been coordinated by Corporate Partner Roberto Pomares and Senior Associate Enrique Murillo. Other key lawyers have been, among others, Associate Álvaro Paniagua (Corporate), Counsel Alberto Artés (Energy), Associate Elena Gonos (Energy), and Senior Associate Pilar Lorenzo (Real Estate).
Roberto Pomares noted that: This transaction demonstrates, once again, the confidence that the Spanish energy sector continues to arouse among international investors.
The transaction, marking Tion Renewables' entry into Spain, is part of EDPR's nearly €6,000 million asset rotation program for the 2024-2026 period, presented last May during the review of the company's business plan.
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