Under a new agreement, Green Genius will sell OX2 six late-stage solar power projects in Spain with a combined capacity of 152 MW.
The projects are situated in Andalusia, which has the most sun radiation in all of Spain. The late-stage projects that were acquired are all in possession of environmental approvals.
Ruslanas Sklepovicius, CEO of Green Genius, said “The projects in Andalusia have been developed with great care and are highly appreciated in the market. We’re pleased to pass it over to a new trustworthy owner. Meanwhile, Green Genius is to continue focusing on the search and development of new projects.”
Paul Stormoen, CEO of OX2, said “I am very pleased to be able to announce our second acquisition of solar power projects in Spain, which is a market with considerable potential for OX2. Spain is one of Europe’s largest renewable energy markets, with ambitious sustainable energy targets and strong investor interest.”
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