KKR buys Gestamp Solar
Kkr has signed a purchase agreement through its KKR Global Infrastructure Investors II for an 80% stake in Gestamp Asetym Solar, its photovoltaic solar energy division.
Currently, Gestamp Solar is present in 18 countries and has 300 megawatts (MW) of photovoltaic projects in operation and under construction, with an additional pipeline of 2.2 GW of projects under development
The definitive closure of the transaction is expected towards the end of 2015, subject to regulatory approvals, consents and customary closing conditions.
The American fund is already an old acquaintance of the green sector in Spain. Its list of operations includes the purchase of 34 photovoltaic plants to T-Solar in 2011 and the partnership with Acciona to boost its renewable assets internationally, announced last year.
Honorato López Isla buys Galenova
The former CEO of Unión Fenosa and president of R has wanted to form a wind power group by buying the wind energy company Galenova from Abanca.
Eólica Galenova was promoted by Caixanova and Banco Gallego. At the close of 2014, it has assets of around 32 million euros, with hardly any liabilities (around 3.7 million), resulting in net equity of 28.9 million.
First Reserve buys several plants from Warwick Capital Partners
The English fund has bought 5 solar farms in Spain for a price of €80M.
“First Reserve had previously bought 5 more solar plants in Spain from 9RenGroup,” comments Diego Gutiérrez of Abra-Invest.
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