Astris Finance successfully facilitated the sale of a 62.1 MWp operational solar portfolio in Spain from Amarenco Group to Octopus Energy Generation, reinforcing its position in the renewable energy market.

Target Information

Astris Finance has successfully completed Project Mainland, finalizing the sale of a 62.1 MWp operational solar photovoltaic portfolio located in Navarra, Spain. This portfolio, characterized by its two solar plants—Project Guardián with a capacity of 37.2 MWp and Project Cierzo at 24.9 MWp—was commissioned in October 2024, demonstrating a rapid development timeline. Both plants currently operate under a fully merchant revenue scheme, highlighting their potential for revenue generation in the competitive energy market.

The solar assets were initially financed using a mini-perm structure arranged by Astris Finance in 2023, revealing the strategic planning and financial engineering applied to ensure operational viability and profitability. The current transaction marks a significant achievement for Astris Finance and positions the target as a noteworthy player in Spain’s renewable energy landscape.

Industry Overview in Spain

Spain has emerged as a prominent player in the renewable energy sector, particularly in solar power, due to its generous solar radiation levels and supportive government policies. As of 2023, Spain ranks amongst the top countries in Europe for installed solar capacity, moti