SPAIN - Impax acquires operating solar projects in Spain

These acquisitions add to 15.6MW of solar PV projects that NEI bought in May and June, including 3MW in Extremadura and two projects totalling 12.6MW in Castilla-la Mancha. In 2007, NEI also purchased ca. 4MW now operational in the Toledo region.

Based on these six transactions in the past three months, Impax New Energy Investors has now invested in just over 35MW of built and operating solar PV projects in Spain.The projects sell power to either Iberdrola or Union Fenosa under Spain's 40-year feed-in tariff - the RD661 - now set at €455 per MWh and escalating at a Spanish inflation index, which for much of 2008 has exceeded 4.5% on an annualised basis.

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• Topics
• Expansion
• Southern Europe