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Allianz Capital Partners – Acquisition of solar farm in Portugal

Allianz Capital Partners has acquired Ourika facility, a 46MW subsidy-free solar farm in Portugal from UK developer WElink Group. The PV plant, which is located 170km southeast of Lisbon and has been operational since August, relies on a corporate power purchase agreement to generate revenue. This is fixed for a period of 20 years. Financial details of the transaction have not been disclosed.