AI Terminal
VERBUND AG
M&A Activity • Nov 29, 2021
765_rns_2021-11-29_babfbee0-7b28-406d-ad37-eb449848f50d.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 29 November 2021 08:28
VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain
EQS Group-News: VERBUND AG / Key word(s): Mergers & Acquisitions
29.11.2021 / 08:28
The issuer is solely responsible for the content of this announcement.
VERBUND AG has acquired the Illora solar project in Southern Spain from BayWa r.e. The Illora solar park is located in Pinos Puente close to Granada. The park is divided into three photovoltaic blocks with a planned total capacity of 147.6 MWp. Illora will produce approximately 260 GWh of green electricity per year. Construction of the solar park commenced in May 2021, with commissioning planned for the first quarter of 2022. The parties have agreed not to disclose the purchase price or any further details of the transaction.
VERBUND’s 2030 strategy plans for significant growth in the area of solar and wind power with the objective of producing around 20-25% of total electricity generated from photovoltaic systems and onshore wind farms by 2030. In addition to entering the Spanish market, this transaction marks an important step toward achieving this goal.
Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 – 52604
F.: +43 (0)5 03 13 – 52694
mailto:[email protected]
29.11.2021 This Corporate News was distributed by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | VERBUND AG |
| Am Hof 6A | |
| 1010 Wien | |
| Austria | |
| Phone: | 0043-1-53113-52604 |
| Fax: | 0043-1-53113-52694 |
| E-mail: | [email protected] |
| Internet: | www.verbund.com |
| ISIN: | AT0000746409 |
| WKN: | 877738 |
| Indices: | ATX |
| Listed: | Foreign Exchange(s) Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1252410 |
| End of News | EQS Group News Service |