June 30 (Renewables Now) – UK-based investor Aquila European Renewables Revenue Fund plc (LON:AERS) mentioned on Wednesday it had wrapped up the acquisition of the 30-MWp Tiza photo voltaic PV farm in southern Spain that was first announced in mid-Could this yr.
The London-listed agency, also referred to as AERIF, purchased 100% curiosity within the plant via its wholly-owned subsidiary Tesseract Holdings Restricted. Monetary particulars and the title of the promoting social gathering stay undisclosed.
One of many closing circumstances was the signing of an influence buy settlement (PPA) for Tiza’s manufacturing output. Within the newest announcement, AERIF mentioned the signing happened just lately, with power agency Axpo Iberia because the off-taker. The fixed-price PPA with Axpo will run for six and a half years and canopy 70% of P50 manufacturing, AERIF mentioned.
The Tiza photo voltaic farm is situated in Almeria province in Andalusia. Its annual manufacturing output is estimated at round 54 GWh per yr.