May 22, 2019 |
Spain's Solarpack said it has agreed to buy 90.5% of two solar photovoltaic projects in southern Peru from Tawa Solar and other shareholders for $51.5m.
Solarpack also said it has signed a $30m bridge loan from an unnamed lender to finance the acquisition. The company added that it expects to close the transaction in four months.
Solarpack previously owned 9.5% of the two projects, Tacna Solar and Panamericana Solar, which have 42.4 MW in combined capacity. Tawa Solar owned 68.3% of the projects
Spanish renewable energy company takes full control of Tacna Solar and Panamericana Solar for $51.5m