GSE 3 UK Limited and Fond-ICO Infraestructuras II will pay US$18.1 million for the 49% of Talasol's shares and 49% of the shareholder development loans funding the development budget. Image: Martin Abegglen / Flickr
Ellomay Capital’s wholly-owned subsidiary, Ellomay Luxembourg Holdings, will sell 49% of the outstanding shares of Talasol Solar to GSE 3 UK Limited and Fond-ICO Infraestructuras II.
GSE 3 UK Limited and Fond-ICO Infraestructuras II will pay US$18.1 million for the 49% of Talasol's shares and 49% of the shareholder development loans funding the development budget.
Talasol is promoting the construction of a 300MW PV project located in the municipality of Talaván, in Extramadura, Spain.
Ran Fridrich, CEO and a board member of Ellomay, said: “The entry of partners to Talasol, which is expected to be one of the largest photovoltaic projects in Europe, will mark the final milestone for financial closing and commencement of construction of the project, which will take place right after. The transaction enables us to create an optimal ownership structure that includes entities with advantages both on the local level and on the financial level, alongside the continued control of the project by Ellomay."
The Intersolar organizers have teamed up with SolarPower Europe and Spanish Solar Association, UNEF, to shed light on Europe's new solar boom market – Spain. Intersolar Summit Spain takes place in Barcelona on June 18, 2019. We are going to discuss the PV market development in Spain, the chances and opportunities of the announced grid parity, corporate sourcing models, regulation and policy issues. The event will bring together the key stakeholders in this market, which is being driven by auctions and increasingly by subsidy-free corporate sourcing of solar power.