Gamesa Sells 10MW PV Asset in Spain for €40 Million

Published January 15th 2015 at 2:24pm
Gamesa Electric 
Gamesa has raised more than the targeted €100 million of proceeds from asset sales in 2014.

This target was surpassed with the close in December 2014 of the sale of a 10MW photovoltaic solar plant located in the Cordoba town of Almodóvar del Río to Plenium Partners and Warwick Capital Partners for €40 million.

This agreement, covering one of the first photovoltaic asset sales to close since Spain's new renewable regulatory framework came into effect in 2014, comes on the heels of other disposals concluded last year that contributed to business cash generation and, by extension, capital structure reinforcement, poising the company for profitable growth.

Source: Gamesa
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