FALCK RENEWABLES COMPLETES THE ACQUISITION OF AN OPERATING SOLAR PLANT IN SPAIN
Milan, Italy, April 20, 2021 – Falck Renewables S.p.A. completes the acquisition of 100% of the share capital of Desafio Solar SLU, owning an operating solar plant in Spain. The signing of the Share Purchase Agreement (SPA) with Caicos Directorship, S.L., a company owned by Fund IV, managed by Everwood Capital SGEIC S.A., was announced on March 29, 2021. The transaction involves the payment of a price of approximately Euro 22 million, and the taking over of the outstanding project financing.
The solar plant (49,88 MW), located in the Municipality of Escatrón, in the Aragon region, was commissioned in June 2020. The plant – which is expected to generate about 88.7 GWh of electricity yearly – has secured a Power Purchase Agreement (PPA) that covers about 70% of the energy produced by the plant.
View of the solar plant Desafio Solar SLU
Falck Renewables S.p.A., listed on the Italian stock exchange in the STAR segment (“FKR.MI”) and included in the FTSE Italia Mid Cap Index, develops, designs, builds and manages power production plants from renewable sources, with an installed capacity of 1,246 MW (1,209 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 a global player in the renewable energy technical advisory and asset management services business, through its wholly owned subsidiary Vector Renewables, providing asset management services to clients accounting for approximately 3,000 MW of installed capacity and with experience in more than 40 countries. Moreover, Falck Renewables provides highly specialized energy management and downstream services to both energy producers and consumers.
Visit www.falckrenewables.com and connect with us on LinkedIn and Twitter (@falckrenewables).
Giorgio Botta – Investor Relations – Tel. +39 02 2433 3338
Elena Roda – Media Relations – Tel. + 39 02 2433 2297
SEC Newgate S.p.A
Daniele Pinosa, Fabio Leoni, Fabio Santilio – Tel. +39 02 6249991
Vincenza Colucci – Tel. +39 335 6909547