VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain
November 29, 2021 at 02:30 am EST
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EQS Group-News: VERBUND AG
/ Key word(s): Mergers & Acquisitions
VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain
29.11.2021 / 08:28
The issuer is solely responsible for the content of this announcement.
VERBUND AG has acquired the Illora solar project in Southern Spain from BayWa r.e. The Illora solar park is located in Pinos Puente close to Granada. The park is divided into three photovoltaic blocks with a planned total capacity of 147.6 MWp. Illora will produce approximately 260 GWh of green electricity per year. Construction of the solar park commenced in May 2021, with commissioning planned for the first quarter of 2022. The parties have agreed not to disclose the purchase price or any further details of the transaction.
VERBUND's 2030 strategy plans for significant growth in the area of solar and wind power with the objective of producing around 20-25% of total electricity generated from photovoltaic systems and onshore wind farms by 2030. In addition to entering the Spanish market, this transaction marks an important step toward achieving this goal.
Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor-relations@verbund.com
29.11.2021 This Corporate News was distributed by EQS Group AG. www.eqs.com
Verbund AG is Austria's leading producer and supplier of electricity. Net sales break down by activity as follows:
- production and sale of electricity (84.5%): 63.4 TWh sold in 2022 (of which primarily 30.7 TWh in Austria, 27.5 TWh in Germany and 4.4 TWh in France). At the end of 2022, the group had 163 hydraulic plants, 163 wind parks, 4 solar parks and 2 thermal plants;
- electricity transportation (12.7%): operation of a high-voltage electrical network of 6,959 km;
- other (2.8%): consult engineering, consulting, telecommunications and tourism services, etc.
VERBUND AG 
