ReneSola has agreed to sell a 12-megawatt portfolio of two ground-mounted solar projects in Spain via a share purchase agreement with the Aream Group, an international solar investment company headquartered in Germany.
The Caravaca Project, as it is known, is located in the municipality of Caravaca de la Cruz in the southern region of Murcia. ReneSola said the sale will be consummated at the “ready-to-build” stage, which is planned for early 2022.
The Caravaca Project is the most advanced project in ReneSola Power's over 300-megawatt pipeline of projects at different development stages in Spain.
“We are thrilled to sell our first project in Spain to an international investor,” said Chloé Durieux, country director for Spain and France at ReneSola Power. “This achievement is the first of many we expect from our effort to build our Spanish presence over the past couple of years.”
The Caravaca Project is being developed by ReneSola Power and a pa
