Monday, July 22, 2024

Capital Dynamics Acquires 317MW of Photo voltaic Initiatives in Spain and Indicators PPAs


Capital Dynamics, an unbiased non-public asset administration agency, lately acquired a 100% stake in six photo voltaic photovoltaic (PV) property in Spain. These acquisitions, unfold over two portfolios, have a complete capability of 317 MWp. This initiative is a part of Capital Dynamics’ technique to strengthen its presence within the Spanish photo voltaic market. The first portfolio consists of three photo voltaic property in Andalusia, totaling 157 MWp, at the moment underneath development and scheduled for commissioning in late 2024. The second portfolio, additionally consisting of three photo voltaic tasks, is situated in Aragon and represents of 160 MWp. These properties have obtained all the required approvals and needs to be out there within the second half of 2025.

Power Sale Agreements

All acquired property have Pay-as-Produced (PaP) vitality gross sales agreements with an S&P 500 firm, which secures revenues and mitigates dangers. “These acquisitions characterize an essential addition to our portfolio from our unique pipeline in Spain,” mentioned Dario Bertagna, Co-Head of Capital Dynamics Clean Energy. “Spain stays an essential marketplace for our funding technique.”

Impact on the Spanish market

Spain continues to current enticing alternatives for buyers as a result of its sturdy PPP market and rising authorities help. The means of those tasks to ship dependable vitality and generate secure revenues is bolstered by safe gross sales agreements with an S&P 500 firm. Since 2013, Capital Dynamics has immediately invested of fresh vitality in Europe, which at the moment holds practically 2 GW of subsidy-free property. Their Clean Energy platform focuses on fairness investments in renewable vitality tasks.

Advisors and Technical Partnerships

For these claims, Baker McKenzie acted as authorized counsel, whereas Everoze and Enertis supplied technical recommendation. These collaborations strengthen Capital Dynamics’ place within the European photo voltaic vitality market, supported by sector experience and an intensive industrial community. Capital Dynamics’ acquisition of those photo voltaic portfolios in Spain, mixed with safe energy gross sales agreements, underpins their bold technique to spend money on renewable energies. Taking benefit of the rising energy of the Spanish APP market and elevated authorities help, Capital Dynamics anticipates an essential yr for worth creation and contribution to cleaner vitality.

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