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.

The Tützpatz solar project, developed by Vattenfall and powered by GCL System Integration, combines energy production and agricultural use across 93 hectares without public funding.
Koshidaka Group signed a 10-year power purchase agreement with Farmland and Eneres to supply its Tokyo-area facilities with electricity from a 1.6MWAC solar plant located in Annaka.
The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.
Ascent Solar Technologies has delivered samples of its flexible photovoltaic technology to two companies for testing in extreme environments, at sea and in space.
Geronimo Power has started construction of the Bee Hollow solar project, valued at $54mn, in St. Clair County, delivering jobs, tax revenue and a partnership with the IMEA municipal agency.
The British government has approved Tillbridge Solar Farm, a 500-MW solar power plant with 2,310 MWh of energy storage, developed by Tribus Clean Energy and Recurrent Energy.
wpd solar France has launched construction of a 140.6MWc photovoltaic park in Marcy, in the Nièvre department, integrating agricultural co-activity across 632 hectares in partnership with five local farms.
Independent energy producer CVE has inaugurated a 12 MWc solar farm on municipal land in Volx, generating 19 GWh annually and an estimated €5mn in economic returns over 30 years.
GreenYellow strengthens its presence in the French overseas territories with the acquisition of 18 rooftop photovoltaic installations in Réunion, totalling 3.1 MWc in capacity, as part of a strategy to consolidate its decentralised energy assets.
The rapid rise of agri-voltaic projects in France raises concerns over agricultural impact, land speculation and the economic viability of a still-emerging model.
Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
Chinese manufacturer JA Solar has started initial deliveries of its 650W n-type DeepBlue 5.0 module from its automated production site in Yangzhou.
Melvan is issuing local bonds to co-finance two photovoltaic projects in Avignon and Sault, aiming to supplement a total budget of EUR5.5mn ($5.82mn).
The 50 MW Kong solar power plant marks a new step in Côte d’Ivoire’s national grid expansion, with CFA37bn ($60.5mn) in funding and commissioning set for early 2027.
EDP will accelerate two major solar projects in Australia after securing government-backed contracts under the Capacity Investment Scheme.
Westbrooke Real et son partenaire CVE South Africa ont racheté un portefeuille solaire couvrant 91 stations Shell en Afrique du Sud, marquant un transfert d’actifs majeur dans le secteur énergétique local.
The commissioning of the 195 MW Springbok plant introduces the continent’s first utility-scale multi-buyer model, reinforcing the growth of power wheeling in South Africa.
The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
The European Bank for Reconstruction and Development is reviewing a loan for a 100 MW photovoltaic project led by Qair in Tunisia, backed by a long-term power purchase agreement with the national utility.

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.