Transactions & Finance

Martifer Sells Six Spanish Solar Farms to Finerge for €23.5m

Portuguese renewable energy business Finerge has bought six Spanish solar photovoltaic (PV) farms – with a total capacity of 8.1 MWp (megawatt peak) – from Martifer for €23.5 million.

© Leaders League

Portuguese renewable energy business Finerge has bought six Spanish solar photovoltaic (PV) farms – with a total capacity of 8.1 MWp (megawatt peak) – from Martifer for €23.5 million.


The assets – which are located in Huelva, Seville and Salamanca – generate annual revenues of €5 million.


As a result of the acquisition, Finerge now has a total installed capacity of 1,049 MW (megawatts)


A Martfier statement said: “This sale forms part of the group's strategy of asset rotation, reduction of debt and strengthening of the equity structure."


Martifer was advised by Cuatrecasas on the deal. The Cuatrecasas team included Lisbon-based partner Mariana Norton dos Reis, Madrid-based partner Luis Pérez de Ayala, and Madrid-based associate Álvaro López de Ceballos.

Finerge was advised by a Madrid-based King & Wood Mallesons team led by Roberto Pomares and Victoria Ruenes.

 

Read the full Special Report: SPAIN

NEWS & ANALYSIS
Summary Galp agrees €2.2bn solar PV projects deal with ACS Group ‘Funds fostering gender diversity achieve better returns’ DAC Beachcroft Incorporates Spain's Asjusa Abogados Former Spanish defence minister Dolores de Cospedal joins CMS Iberia Boss Luis Gallego to Take Over at IAG Del Rosal & Adame Recruits Iñigo Segrelles de Arenaza as Partner Ergon Capital Buys Majority Stake in Palex From Corpfin Capital Esteve Sells Generic Drugs Division to Towa Pharmaceutical for €320m Nexxus Iberia Confirms Investment in TwentyFour Seven Portobello Capital Promotes Norberto Arrate to Partner

interview

Accenture's CEO and CFO interview by Leaders League Group

About us

Download