VERBUND AG - M&A Activity 2021 | FinancialReports.eu

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