Fotowatio has purchased the Calasparra I and II, and Fuente Alamo II and III solar photovoltaic (PV) plants from Spanish industrial firm GA Solar, a subsidiary of Gestamp.
These plants are fully operational and supply power to Spain’s electricity grid. Financial details of the transaction were not disclosed.
Rafael Benjumea, CEO of Fotowatio, said: The expansion of our development pipeline combined with this acquisition has significantly increased our portfolio and represents the kind of growth we expect to continue in Spain and other key markets.
