Spanish solar company Fotowatio has announced its purchase of four PV
power plants in Murcia, in the southeast of Spain. The purchase comes
less than two months after a €225 million investment in the company by
GE Energy Financial Services and Grupo Corporativo Landon, and brings
the company’s power output portfolio to 90MW.
The four plants – Calasparra I and II and Fuente Alamo II and III – total 32MW in power output and supply power to the Spanish grid. Fotowatio purchased the four plants from GA Solar for an undisclosed sum.
“The expansion of our development pipeline, combined with this acquisition, have significantly increased our portfolio and represent the kind of growth we expect to continue in Spain and other key markets,” said Rafael Benjumea, CEO of Fotowatio. “With our new partners – GE Energy Financial Services and Landon – we are on track to become the premier solar power developer and operator.”
By Síle Mc Mahon