Qualitas Energy, in partnership with Northleaf Capital Partners, has announced the sale of the 494 MWp Mula photovoltaic solar plant in Murcia, Spain, to China Three Gorges Spain, a subsidiary of CTG Europe under the China Three Gorges Corporation. This marks a significant step for one of Europe’s largest solar projects.
In 2023, Mula underwent refinancing with structured finance specialists and secured a 10-year Power Purchase Agreement (PPA) with a global energy leader.
Manuel Espinosa, Partner at Qualitas Energy, remarked:“This divestment to China Three Gorges Spain allows us to further invest in renewable energy locally and globally, aligning with our mission for a decarbonized economy and delivering value to our investors.”
The transaction is expected to close in Q1 2025, pending customary approvals.
Advisors:
Financial: Greenhill
Legal: Watson Farley & Williams
Accounting & Tax: E&Y
Technical: DNV
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