Project Finance Brief: Spain’s Prodiel Enters Agreement to Sell 1,098 MW of Solar Projects

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November 30, 2020

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Spanish renewable infrastructure builder Prodiel has reached an agreement to sell 1,098 MW of solar PV projects to Madrid-based investment manager Everwood Capital. The portfolio is valued at around €750 million (~$889.8 million) and includes 870 MW of projects with grid connection in the Madrid region and 228 MW in the Seville and Badajoz provinces. The solar projects are expected to commence operation in 2023.

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