Tion Renewables acquires 104 MW solar portfolio in Spain
Tion Renewables to Acquire Four Solar Parks in Spain from EDPR
Tion Renewables Group (“Tion“) has signed a sale and purchase agreement with a subsidiary of EDP Renováveis, S.A (“EDPR”) to acquire four operational solar parks in Spain.
The transaction scope comprises four operational solar farms: one located in Aragon, in operation for approximately 1.5 years, and three located in Andalusia, in operation since November 2024. The four projects benefit from contracted 15-years power purchase agreements.
The transaction is subject to precedent, regulatory conditions and other usual conditions for a transaction of this nature.
“This transaction is a landmark for Tion, demonstrating our ability to execute large-scale deals while securing a high-quality portfolio of assets from a prime developer,” said Christoph Strasser, Co-Founder & CIO of Tion, and highlighted that “a key feature of this portfolio are the 15-years PPAs. Long-term PPAs like these are rare to find in the Spanish market and perfectly fit our strategy to grow and diversify our contracted revenue base.”
