Capital Dynamics Acquires 317MW of Solar Projects in Spain and Signs PPAs

Capital Dynamics has acquired six solar assets in Spain and signed energy sales agreements with an S&P 500 company, strengthening its position in the Spanish renewable energy market.

Share:

Capital Dynamics Acquiert 317MW de projets Solaires en Espagne et Signe des PPA.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Capital Dynamics, an independent private asset management firm, recently acquired a 100% stake in six solar photovoltaic (PV) assets in Spain. These acquisitions, spread over two portfolios, total a capacity of 317 MWp. This initiative is part of Capital Dynamics’ strategy to strengthen its presence in the Spanish solar energy market. The first portfolio comprises three solar assets in Andalusia, totaling 157 MWp, currently under construction and scheduled for commissioning in late 2024. The second portfolio, also comprising three solar projects, is located in Aragon and represents 160 MWp. These assets have obtained all the necessary approvals and should be operational by the second half of 2025.

Power Sales Agreements

All acquired assets have Pay-as-Produced (PaP) energy sales agreements with an S&P 500 company, which secures revenues and reduces risks. “These acquisitions represent a significant addition to our portfolio from our exclusive pipeline in Spain,” says Dario Bertagna, Co-Head of Capital Dynamics Clean Energy. “Spain remains a key market for our investment strategy.”

Impact on the Spanish market

Spain continues to present attractive opportunities for investors due to its robust PPP market and growing government support. The ability of these projects to deliver reliable energy and generate stable revenues is reinforced by secure sales agreements with an S&P 500 company. Since 2013, Capital Dynamics has been investing directly in clean energy in Europe, currently holding nearly 2 GW of assets without subsidy. Their Clean Energy platform specializes in equity investments in renewable energy projects.

Advisors and Technical Partnerships

For these acquisitions, Baker McKenzie acted as legal advisor, while Everoze and Enertis provided technical advice. These collaborations strengthen Capital Dynamics’ position in the European solar energy market, supported by sector expertise and an extensive industrial network. Capital Dynamics’ acquisition of these solar portfolios in Spain, coupled with secure power sales agreements, underlines their ambitious investment strategy in renewable energies. Capitalizing on the growing stability of the Spanish APP market and increased government support, Capital Dynamics looks forward to a crucial year for value creation and contribution to cleaner energy.

Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.
OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.
Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
Swift Solar has installed its perovskite solar panels on a military site for the first time, as part of a US Department of Defense exercise testing energy resilience for critical infrastructure.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.
The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.
Chanel has signed a 20-year power purchase agreement with REDEN to supply nearly one-third of its electricity needs in France from two photovoltaic plants commissioned in 2025.
i Grid Solutions and Tokyu Land will develop an additional 200MW of on-site solar under power purchase agreements by 2029 through their joint venture TLC VPP, with an investment exceeding JPY20bn ($133mn).
US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.
SMFL Mirai Partners commits to purchasing fifty low-voltage solar plants from GreenEnergy Plus, targeting 50MW installed capacity by fiscal 2030 to strengthen its supply strategy for private power purchase agreements.
Recurrent Energy, a subsidiary of Canadian Solar, secured $825mn to develop a 150 MWac solar plant and a 600 MWh storage site in Maricopa County, in partnership with Arizona Public Service.
Canadian firm Stardust Solar grants its first African franchise to Megatricity Energy in Zambia, launching a new phase of expansion into emerging solar energy markets.
French energy company elmy finalises a €3.5mn bank loan with Caisse d’Epargne Rhône Alpes to fund 13 new photovoltaic plants with a combined capacity of 3.6 MWp.
Ampyr Solar Europe has connected a 45MWp solar cluster to the grid, made up of three sites spanning 40 hectares in Germany, supplying electricity to 13,000 households.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.