Spain's Kobus Partners buys 250 MW of home solar for 3rd fund
Solar park in Spain. Author: Som Energia Cooperativa. License: Creative Commons. Attribution 2.0 Generic
Madrid-based private equity manager Kobus Partners has acquired 250 MW of solar projects in Spain for its third renewable energy fund.
Kobus Renewable Energy III bought three projects from Valencia-based developer Esparity Solar, the seller has announced. Financial and other terms were not disclosed.
In the portfolio are the 150-MW Cordovilla project, located in the region of Navarre, northern Spain, and the Salinetas and Salinetas II schemes, each of 50 MW and sited in Alicante province, in southeastern part of the country.
The future plants are expected to start producing power from 2023 onward, Esparity Solar said.
The acquisition is part of Kobus Partners’ strategy to take over projects that are in the final phase of development, under construction or in operation. The Kobus Renewable Energy III fund was launched in March this year with this goal in mind, and will aim to complete its portfolio with around 500 MW of renewables located mainly in Spain and Portugal.
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