EQS-News: VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain
29.11.2021 | 08:30
EQS Group-News: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near
Granada, Spain
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
investor-relations@verbund.com
--------------------------------------------------------------------------
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: investor-relations@verbund.com
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
1252410 29.11.2021
[1]fncls.ssp?fn=show_t_gif&application_id=1252410&application_name=news&site_id=apa_ots_austria
References
Visible links
