Acting on the behalf of its investors, the German asset manager has come into possession of four solar PV projects in Portugal, the names of which have not been disclosed. Meanwhile, Germany's HSH Nordbank has successfully penetrated the Portuguese market with the refinancing of two solar plants.Hamburg-based investment firm, Aquila Capital has acquired four ready-to-build solar projects located in central and southern Portugal with a capacity of over 170 MW.
Not revealing the name of the developer or value of the transaction, Aquila Capital stated that construction of the projects is scheduled for completion by the end of 2018.
The company also said it had entered into a power purchase agreement (PPA) for the solar parks with a local third party.
"Even without state funding support, these projects are a highly attractive investment. With the help of a long-term power purchase agreement, we have been able to secure stable attractive income for our investors," said Susanne Wermter, Head of Investment Management Energy & Infrastructure EMEA, Aquila Capital.
Meanwhile, HSH Nordbank announced it would provide the independent French power producer, Neoen with long-term ...Den vollständigen Artikel lesen ...