- Press Releases
June 30 (Renewables Now) - UK-based investor Aquila European Renewables Income Fund plc (LON:AERS) said on Wednesday it had wrapped up the acquisition of the 30-MWp Tiza solar PV farm in southern Spain that was first announced in mid-May this year.
The London-listed firm, also known as AERIF, bought 100% interest in the plant through its wholly-owned subsidiary Tesseract Holdings Limited. Financial details and the name of the selling party remain undisclosed.
One of the closing conditions was the signing of a power purchase agreement (PPA) for Tiza’s production output. In the latest announcement, AERIF said the signing took place recently, with energy firm Axpo Iberia as the off-taker. The fixed-price PPA with Axpo will run for six and a half years and cover 70% of P50 production, AERIF said.
The Tiza solar farm is located in Almeria province in Andalusia. Its annual production output is estimated at around 54 GWh per year.