Green Genius and OX2 to agree on 152 MW solar projects acquisition in Spain

Renewable energy company Green Genius, operating in 8 European markets, and OX2 have signed an agreement by which OX2 acquires a portfolio from Green Genius of six late-stage solar power projects in Spain with a total capacity of 152 MW. 

 The projects are located in Andalusia, Spain’s area with the highest level of solar radiation. All the acquired late-stage projects have obtained environmental permits.

“The projects in Andalusia have been developed with great care and are highly appreciated in the market. We’re pleased to pass it over to a trustworthy new owner. Meanwhile, Green Genius is to continue focusing on the search and development of new projects”, – said Ruslanas Sklepovičius, CEO of Green Genius.

“I am very pleased to be able to announce our second acquisition of solar power projects in Spain, which is a market with considerable potential for OX2. Spain is one of Europe’s largest renewable energy markets, with ambitious sustainable energy targets and strong investor interest,” said Paul Stormoen, CEO of OX2.

Green Genius has been developing solar PV projects in Spain since 2018. Garrigues acted as a legal adviser to Green Genius.

Similar texts

Eleven turbines travel to the Green Genius wind park in Jurbarkas – the first turbine stands tall already

The renewable energy company Green Genius, operating in 8 European countries, installs its’ first wind turbine in Jurbarkas district, Lithuania. A total of 11 turbines, travelling from international Klaipeda’s port, will reach the wind park in 22 nights by 113 heavyweight vehicles no later than the end of April 2024.   Each of the eleven ...

Green Genius obtains €6.9 million financing for an innovative Energy-as-a-Service solution combining a solar PV powerplant with storage systems

Renewable energy company Green Genius, operating in eight European countries, and Citadele Bank in Lithuania have signed a financing agreement worth nearly €7 million. These funds will be allocated to construct a power plant, which will operate with an innovative Energy-as-a-Service solution, enabling it to meet 100% of industrial customers’ electricity needs from renewable sources. ...