Jan. 13 () –
Infranity has acquired a portfolio of 13 fully operational photovoltaic plants in Spain and Portugal with a total capacity of 58 MW from a fund managed by Foresight, the asset manager has reported, without disclosing the amount of the transaction.
In addition, an initial agreement has been reached to extend the scope to another 6 fully operational plants in Spain to increase the total attributable capacity to around 78 MW.
“The portfolio has an attractive profile, with a good balance between contracted and trading income, allowing it to benefit from current market dynamics, while hedging its long-term exposure,” Infranity said in a statement.
In addition to diversifying Infranity’s existing equity investment portfolio, this investment reinforces the company’s commitment to accelerating the development of responsible and sustainable infrastructure projects. This project will be developed paying special attention to the social and environmental impact.
The transaction, which represents Infranity’s first capital investment in Spain and Port, highlights the manager’s conviction in the solid fundamentals and resilience of the Iberian solar market in the current social and financial environment, further contributing to the objectives of local and European energy transition.
“We are proud to support the growth of a renewable energy platform with an attractive risk-return profile for our investors. This transaction reinforces Infranity’s commitment to invest in sustainable energy infrastructure that supports the energy transition. This transaction also takes place in a time when Infranity has taken significant steps to grow its equity business with a series of new acquisitions,” said Alban de La Selle, Infranity’s managing partner.
On his side, Carlos Rey Micolau, managing director and head of the Iberia region of Foresight, has expressed his satisfaction by announcing his first divestment in the area. “We have been able to offer attractive returns to our investors and it demonstrates Foresight’s proposition in the energy and infrastructure markets,” he highlighted.
