Aquila Capital has acquired a 500-megawatt solar photovoltaic portfolio under development in Spain from Viridi RE and Solar Ambition.
Once operational, the projects are expected to generate enough energy to fully power 300,000 Spanish households, reducing their carbon footprint by more than 390,000 metric tons of carbon dioxide emissions per year.
“The agreement with Viridi RE and Solar Ambition for 500-MW solar PV projects marks another step in our commitment to generate clean energy and contribute to reaching a net-zero carbon economy,” said Andrew Wojtek, head of investment management at Aquila Clean Energy EMEA. “It also highlights the importance of the Spanish renewable market for our growth strategy in Southern Europe.”