OX2 has sold a 45MW solar pipeline in Spain to Greening.
The sale was recorded in the fourth quarter of 2023.
The deal includes late-stage project rights of solar developments in the Andalucia region of the country. The estimated annual production from the sites once fully operational is estimated to be about 84GWh. This is OX2’s second sale of PV arrays in Spain.
The company’s total portfolio of solar projects was more than 6.4GW by the end of the third quarter and this is its third divestment in a short time.
Solar is an important part of OX2’s broadening in new technologies and being a part of driving the great shift to fossil-free electricity, said OX2 chief executive Paul Stormoen.
The transaction will have a limited impact on OX2’s results the company added.