X-Elio divests 147 MW solar portfolio in Spain to Germany's DWS

German asset manager DWS - Private Infrastructure has struck an agreement to acquire a 147-MW portfolio of operational solar farms in Spain from X-Elio.

X-Elio, a global renewables developer and a Brookfield company, will sell three solar farms under this agreement.

The companies announced the deal of Tuesday without disclosing the terms.

The three solar farms -- Los Llanos I, II and III -- are located in the municipality of Medina de las Torres, Badajoz province. The trio started operation in mid-2023.

DWS, part of DWS Group (ETR:DWS), is buying the plants on behalf of its European infrastructure investment strategy.

“We are very pleased with three further investments for our European infrastructure strategy for German investors. Investments both from institutional and from retail clients are needed to drive change and enable European transformation projects, particularly in the energy sector,” commented Peter Brodehser, Partner Investments Infrastructure at DWS.