Home » Solar deal aims to support Europe’s energy transition

Solar deal aims to support Europe’s energy transition

by Mark Cantrell
An asset management firm has reached a deal with global renewable energy developer, X-ELIO to acquire three solar PV plants in Spain.

An asset management firm has reached a deal with global renewable energy developer, X-ELIO to acquire three solar PV plants in Spain.

DWS has acquired the facilities on behalf of its European infrastructure investment strategy, which the firm says aims to support Europe’s efforts to achieve its energy transition objectives.

This latest deal marks additional investments for DWS’s European investment strategy, which allows German retail and institutional investors to invest directly into infrastructure projects.

The three projects, located in the municipality of Medina de las Torres, Badajoz, started operations mid-2023 which have a total capacity of 147 MW. The three plants will generate an average estimated supply of renewable energy to the equivalent of 91,800 households per year.

Peter Brodehser, partner investments infrastructure at DWS, said: “We are very pleased with three further investments for our European infrastructure strategy for German investors. Investments both from institutional and from retail clients are needed to drive change and enable European transformation projects, particularly in the energy sector.

“Investors in our strategy can participate in infrastructure projects, supporting Europe’s energy transition ambitions as well as receiving a return on their investment. It is a pleasure for us to be able to walk part of this path together with the team at X-ELIO.”

These acquisitions follow DWS’s recent investment in Energiepark Lausitz, one of the largest open-space solar plants in Germany.

X-ELIO, which specialises in the development, construction, financing, and operation of renewable energy projects, says it remains committed to its origin key market with a remaining portfolio of 14 GW of pipeline in different stages of advancement, and diversified among different regions in the Spanish market.

Nicholas Pentreath, chief financial officer of X-ELIO, stated: ”We take pride in developing high quality sustainable assets and the acknowledgment of international first-in-class partners such as DWS.

“We are witnessing the enormous potential of Spain to lead the renewable transition in the EU, this being one of our key strategic markets.

“At X-ELIO we combine the natural wealth of the territory with our striving performance to support this reachable leading role towards a carbon neutral economy.”


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