Green Genius will sell six late-stage solar power projects in Spain with a total capacity of 152MW to OX2 under a new deal.
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 new trustworthy owner. Meanwhile, Green Genius is to continue focusing on the search and development of new projects,” said CEO of Green Genius Ruslanas Sklepovicius.
“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.