Lightsource BP and independent renewable energy investors Plenium Partners and Bankinter Investment have reached an agreement for the sale of a 247MW cluster of solar plants in Spain.
The asset, which has been in operation since 2021, consists of five solar arrays in Aragón.
Plenium and Bankinter Investment, the investment banking division of Bankinter, the fourth-largest Spanish bank by stock market value, have completed the transaction.
The transaction’s value has not been made public.
Through a variety of alternative investment vehicles, including those in which Bankinter’s institutional and private banking clients participated, Plenium and Bankinter have finalised the acquisition of the portfolio.
Kareen Boutonnat, CEO for EMEA and APAC at Lightsource BP, said: “Transactions like these demonstrate our strong credentials in delivering quality constructed and operational assets as a trusted partner, supporting the renewable ambitions of Plenium Partners and Bankinter Investment.
“In Spain, Lightsource BP continues to move at pace to further progress our gigawatt-scale project development portfolio and the growth of solar required to deliver on national targets.”
Lightsource BP hired EY as finance advisor and Ura Menéndez as legal counsel.
Plenium and Bankinter were assigned Gómez-Acebo & Pombo as their legal counsel.
Lightsource BP has expanded its operations in Spain over the past four years, employing over 130 team members last year and having a development pipeline of over 4GW.
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