Solarpack acquires two solar projects in Peru

Solarpack acquires two solar projects in Peru

M&A Energy Renewable Solar Peru Europe

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

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