trending Market Intelligence /marketintelligence/en/news-insights/trending/f6Fk33L-3q7RqRA7MjAM-w2 content esgSubNav
In This List

ACS subsidiary to sell 3-GW solar portfolio in Spain


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

ACS subsidiary to sell 3-GW solar portfolio in Spain

ACS SA subsidiary ACS Servicios Comunicaciones y Energía S.L. reached an initial sale agreement with an undisclosed buyer for its 3-GW solar photovoltaic portfolio in Spain.

The projects include those that are currently in operation and those that are expected to be developed and put into operation within the next three years, according to a Jan. 3 release.

The deal is valued at about €2.2 billion, ACS said, with a current equity value of about €750 million.

The company expects the sale to complete by the end of January, but said €250 million of net profit can be recorded in advance in its income statement for the year ended Dec. 31, 2019.