Ventient Energy, a non-utility generator of renewable energy, has completed the acquisition of a 443 MW renewable portfolio in the Spanish region of Castilla y Leon. The purchasing agreement obtained regulatory approval in April 2022 consists of 203 MW of onshore wind and 240 MW of solar capacity to develop at the onshore wind sites.
This acquisition will bring Ventient’s installed capacity to a 2.8 GW set out to exceed 3 GW with the development of the hybridized solar portfolio included in the purchase.
“The completion of this acquisition reinforces Ventient’s progression in the energy transition; combining wind and other technologies for effective green energy delivery in the future, reaffirms the importance of our company in Iberia, which is now over 1.2 GW of operating renewable generation and a significant pipeline of future development, and continues the sustainable growth of a leading renewable energy business within Europe.” Said CEO, Mark Jones
The CEO further added: “Each step in our growth strategy represents a long-term development of our sustainable approach to the generation of renewable energy, which is also clearly seen in our continued ESG leadership in the sector. The diversification of our energy portfolio will improve the reliability of energy production and allow us to better respond to the challenges faced by our environment due to climate change.
Earlier this week, Canadian-based Polaris Infrastructure, a publicly-traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America, signed a Share Purchase Agreement with a renewable energy developer, Potentia Renewables, to acquire the 32 MW Canoa 1 operational solar project in the Barahona Province, Dominican Republic.
The project reached the commercial operation date (COD) in March 2020 and has a 20-year power purchase agreement (PPA) with Edesur Dominicana, a local Dominican distributor.
According to Mercom’s Q1 2022 solar funding and M&A report, a total of 29 solar M&A transactions were recorded in Q1 2022 compared to 43 in Q4 2021. In a year-over-year comparison, there were 20 solar M&A transactions in Q1 2021.