Solarpack to acquire 43 MW PV projects in Peru
Post date: 20/05/2019 - 18:49
Spanish project developer and independent power producer Solarpack Corporación Tecnológica S.L. announced the signing of a share purchase agreement for the acquisition of 90.5 percent of the PV projects »Tacna Solar« and »Panamericana Solar« with Tawa Solar Fund LP and the rest of the projects’ shareholders for $51.5 million. The closing of the acquisition is expected to materialize within the next 4 months.
After the closing, the company will become the owner of 100 percent of the projects, since prior to the transaction it had 9.5 percent of the shares of the special purpose vehicles Tacna Solar SAC and Panamericana Solar SAC owning the assets. The projects were developed and built by Solarpack in 2012 in association with Gestamp Asetym Solar (now X-ELIO). They are located in southern Peru and have a total combined installed capacity of 43 MW. Both projects have a long term power purchase agreement (PPA) with the Peruvian Ministry of Energy, as a result of the first renewable energy resources tender held in Peru in 2010.