HIH Invest buys solar park in Southern Spain

HIH Invest Real Estate has acquired the Alcalá solar park in Seville province in southern Spain.

The seller is the German company BayWa r.e., which developed the project and oversaw its construction as general contractor. The firm will handle the technical and commercial management of the solar park for the long term.

The ground-mounted photovoltaics plant was completed and connected to the electricity grid in December 2023, and already generates electricity income. The total output amounts to 15.1 megawatts peak. The acquisition was completed on behalf of the HIH Green Energy Invest fund, which is a sustainable investment fund with a strategy pursuant to Article 9 of the EU Sustainable Finance Disclosure Regulation, and focuses on photovoltaics and wind power plants. The fund volume in the amount of €750 million ($815 million) is being invested in existing plants and in projects ready for construction. Primary target countries are France, Germany, Italy and Spain.