In July 2024, a portfolio comprising seven renewable energy assets with a total capacity of 158.1 MW was acquired, primarily located in Spain and Portugal, to capitalize on the growing demand for power in Europe.

Information on the Target

In July 2024, we successfully acquired a portfolio of renewable energy assets aimed at addressing the expected surge in energy demand across Europe. The program encompasses seven distinct assets with a combined capacity of 158.1 MW, strategically located primarily within Spain and Portugal.

The asset breakdown includes: 3.7 MW of operational solar photovoltaic (PV) capacity in Spain; 6 MW of operational onshore wind power in Sweden; 20 MW of solar PV currently under construction in Portugal; 10.3 MW of solar PV under construction in Spain; 19.8 MW of ready-to-build (RTB) onshore wind in Spain; and 98.3 MW of RTB solar PV across two sites in Spain.

Industry Overview in the Target’s Specific Country

Spain and Portugal present a compelling investment landscape due to their ongoing transition away from coal and nuclear energy. This shift is necessitated by a pressing need to