MYTILINEOS through its Renewables and Storage Development (RSD) Business Unit acquired a 50 MW solar project in Spain (Jaen Solar Farm) from Viridi RE.
The Solar Farm is located in the South East of Spain and specifically in the Μunicipality of Jaén (Andalucía). This is an area that benefits from one of the best irradiations in Spain and thus is essential for investing in solar activities.
The Jaen project is Ready to build and the construction is scheduled to start in the first quarter of 2021. The Solar Farm will be connected to the high voltage Endesa substation.
The transaction lies with MYTILINEOS’ renewable development strategy in Europe and the Solar Project is part of a wider pipeline in the Country.
Nikos Papapetrou, General Manager of the RSD Business Unit stated: “We are excited of this new project in Spain, as this is an important milestone for our Development in Iberia and Europe. We are also pleased to partner with a professional developer like Viridi RE and we are sure that we will share additional success with them in the future”.
MYTILINEOS was advised by WFW on the acquisition. Viridi RE was advised by MONTERO|ARAMBURU ABOGADOS and on the financial and deal structuring process by Green Enesys Group GmbH.
The Jaen Solar Farm is considered to benefit the entire province, while creating significant working positions.