Falck Renewables completes the acquisition of Energía Eólica de Castilla, owner of the Carrecastro wind farm (Spain)

FALCK RENEWABLES COMPLETES THE ACQUISITION OF ENERGÍA EÓLICA DE CASTILLA, OWNER OF THE CARRECASTRO WIND FARM (SPAIN)

MILAN, 27 March 2020 – As anticipated in the press release dated 25th of July 2018, today Falck Renewables SpA completed the acquisition of the shares held by Ascia Renovables S.L. in Energía Eólica de Castilla S.L., owner of the Carrecastro wind farm, located in the municipalities of Tordesillas and Velilla, Castilla y León region (Spain

With this acquisition, completed in several steps he first of which took place in July 2018 – Falck Renewables SpA now holds 100% of Energía Eólica de Castilla S.L..

The plant was built by Falck Renewables together with Ascia Renovables S.L. which, after the initial development activities, brought local expertise to the project.

The Carrecastro wind farm, which entered in operation at the beginning of February 2020, has a total capacity of 10 MW, an expected production of 33 GWh per year and benefits from a long-term contract (Power Purchase Agreement, PPA) signed in September 2019 with Holaluz, a Spanish energy supplier.

The plant is part of Falck Renewables’ operating fleet in Spain, where the company is developing, co-developing and pursuing numerous M&A opportunities in both wind and solar sectors.

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Falck Renewables S.p.A., listed on the Italian stock exchange in the STAR segment and included in the FTSE Italia Mid Cap Index, develops, designs, builds and manages power production plants from renewable sources, with installed capacity of 1,133 MW (1,096.5 MW according to the IFRS 11 reclassification) in the United Kingdom, Italy, United States, Spain, France, Norway and Sweden, using wind power, solar power, WtE and biomass technologies. The Group is an international player offering technical consultancy for renewable energy and third party asset management, through its subsidiary Vector Cuatro, which provides customers with these services, for total installed capacity of roughly 2,500 MW, thanks to experience accrued in more than 40 different countries worldwide. 

Contacts:

Falck Renewables

Giorgio BOTTA – Investor Relations – Tel. 02.2433.3338

Alessandra RUZZU – Media Relations – Tel. 02.2433.2360

SEC SPA – Tel. 02.6249991

Daniele Pinosa, Fabio Leoni, Fabio Santilio

CDR Communication – Tel. 335 6909547

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