Infranity has acquired a portfolio of 13 fully operating photovoltaic plants in Spain and Portugal with a total capacity of 58 megawatts from a fund managed by Foresight. Financial terms were not disclosed.
The initial agreement would extend the scope to six more fully operating plants in Spain, increasing total attributable capacity to 78 megawatts. The transaction represents Infranity’s first equity investment in Iberia.
Infranity said the investment brings attractive diversification to its portfolio of equity investments. The project will be developed with a focus on social and environmental impact.
“This transaction further underpins Infranity’s commitment to invest in sustainable energy infrastructure supporting the energy transition,” said Alban de La Selle, managing partner of Infranity.
