EQS-News: VERBUND AG: VERBUND acquires a 70% share in one photovoltaic and four wind power project companies in Spain with a total capacity of 171 MW from Capital Energy Power Vortice S.L.U.
EQS-News: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: VERBUND acquires a 70% share in one photovoltaic and four wind
power project companies in Spain with a total capacity of 171 MW from
Capital Energy Power Vortice S.L.U.
09.03.2022 / 13:30
The issuer is solely responsible for the content of this announcement.
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VERBUND AG announces the acquisition of 70% of four wind farms and one
photovoltaic plant developed by Capital Energy in Spain. The four wind and
one PV project companies, respectively, will have a total capacity of 171
MW and will consist of four windfarms totalling to 151 MW, as well as one
solar plant with an installed capacity of 20 MWp. The projects are
currently under construction and will be commissioned gradually between
quarter 2/2022 and quarter 1/2023. In addition, three PV hybridization
projects in the south of Spain totalling 80 MW are under development. The
parties have agreed not to disclose the purchase price or further details
of the transaction.
The shares are being sold by Capital Energy Power Vortice S.L.U („CE“), a
wholly owned subsidiary of Capital Energy. Capital Energy is one of the
largest Spanish project developers in the renewables sector. The company
was founded in 2002 and has extensive experience in developing, installing
and operating wind farms and PV installations.
VERBUND’s 2030 strategy plans for significant growth in the area of solar
and wind power with the objective of producing around 20-25% of total
electricity generated from photovoltaic systems and onshore wind farms by
2030. After successfully entering the Spanish market with the Illora
project in late November 2021, this transaction marks another important
step toward achieving this goal.
Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 – 52604
F.: +43 (0)5 03 13 – 52694
investor-relations@verbund.com
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09.03.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1298501
End of News EQS News Service
1298501 09.03.2022
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