Solarpack plans EUR-100m listing in Spain

By On November 05, 2018

Solarpack plans EUR-100m listing in Spain

Solarpack plans EUR-100m listing in Spain

The Pozo Almonte I solar park in Chile. Image: Solarpack

November 5 (Renewables Now) - Spain-based independent solar power producer Solarpack Corporacion Tecnologica SA today announced plans to list on the Spanish Stock Exchanges to raise EUR 100 million (USD 113.9m) in gross proceeds for growth.

The company said it will use the funds raised from the offering to qualified domestic and foreign investors to execute its 510-MW contracted backlog, consisting of projects to be built in the next 15-18 months in Spain, Chile and India. Getxo, Spain-based Solar pack will also use the money to acquire 13 MW of operating assets in Spain and to support the development of its 2.9-GW global project pipeline.

The prospectus for the offering is currently undergoing an approval process by the Spanish Securities Market Commission (CNMV).

Since its creation in 2005, Solarpack has developed 529 MW of photovoltaic (PV) power in six countries. It currently has equity stakes in 11 PV projects in Spain, Chile, Peru and India with a combined capacity of 252 MW. The company also provides operation and maintenance (O&M) and asset management services.

(EUR 1 = USD 1.139)

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Oct 25, 2018 9:13 CEST Published Nov 05, 2018 10:09 CEST Author Plamena Tis heva Browse all articles from Plamena Tisheva Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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