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Credit Suisse Energy closes purchase of stake in 250-MW Spanish solar farm

A fund advised by Credit Suisse Energy Infrastructure Partners AG reached financial close and completed its acquisition of a 49% interest in ContourGlobal PLC's 250-MW concentrated solar power projects in Spain for about €134 million, according to a May 22 news release.

ContourGlobal will continue to manage, operate and maintain the assets, which consist of five 50-MW concentrated solar power plants in southwestern Spain.

The fund had acquired a 49% stake in ContourGlobal's solar portfolio in Italy and Slovakia and recently purchased a majority stake in a 475-MW Swedish onshore wind farm from E.ON SE.