aream Group Sells 26.3 MWp Regulated Solar PV Portfolio in Badajoz, Spain to Merus Capital
aream Group SE has completed the sale of two fully operational, regulated solar PV plants totalling approximately 26.3 MWp in the province of Badajoz, Extremadura, Spain to a fund managed by Merus Capital. Operational since 2010 and 2011, the plants benefit from Spain's RD 413/2014 regulatory remuneration scheme with an estimated remaining life of 15–16 years, providing stable long-term cash flows.
Transaction date: · Source: aream.de
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 25 MW
- Transaction price
- Not disclosed
- Buyer
- Merus Capital
- Seller
- aream Group SE
- Country
- Spain
- Region
- Extremadura
- Location
- Badajoz Province, Extremadura, Spain
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
Two fully operational, regulated solar PV plants in the province of Badajoz, Extremadura, with a combined installed capacity of approximately 26.3 MWp. Operational since 2010 and 2011 respectively, with a long and proven stable operating history. Plants operate under Spain's renewable energy regulatory system with a 30-year remuneration scheme based on a standard return under RD 413/2014. Estimated remaining regulatory life of 15 to 16 years, providing stable and predictable long-term cash flows.
Power purchase agreement (PPA)
Plants operate under Spain's regulated renewable energy remuneration system (RD 413/2014), providing a standard return-based remuneration scheme over a 30-year period with an estimated remaining life of 15–16 years.
Additional information
Assets were held through investment vehicles managed by aream Group. Transaction advised by PwC (M&A) and Jones Day (legal) on the sell side. The sale enables aream to realise value from a mature renewable energy portfolio as part of active portfolio management across Europe.
Source
Original announcement: https://www.aream.de/presse/aream-verkauft-zwei-pv-anlagen-spanien-mit-insgesamt-263-mwp-merus-capital