Region: Castilla La Mancha, Spain
Description: 9 MW operational PV plant
Investment date: May 2009
Project cost: €60 million
A strategic overlap with the owner of an operating Spanish PV plant led to the Foresight European Solar Fund acquiring the plant following a competitive bidding process. The vendor was a significant Spanish based financial organisation which had used BP Solar to construct the plant using own BP Solar manufactured PV modules. The quality of the vendor and the contractor led to a straightforward due diligence and completion process. Project financing was in place at the time of acquisition. The plant has performed above expectations since the acquisition date.