Luxcara – Acquisition of solar PV project in Spain


German asset manager Luxcara has acquired a 121 MW greenfield solar PV project in southern Spain on behalf of institutional investors via a Luxembourg-registered infrastructure fund. It has bought the Guillena-Salteras project from Solarig, which is due to construct the project and connect it to the grid in the second quarter of 2020. Electricity produced by Guillena-Salteras will be bought by an undisclosed offtaker via a power-purchase agreement. Financial details of the transaction have not been disclosed