- Developed and sold by the company BayWa r.e.
- Acquired for the HIH Green Energy Invest institutional fund
- Electricity production pre-sold to 90 percent on ten-year power purchase agreement
HIH Invest Real Estate (“HIH Invest”) just acquired the Alcalá solar park in Seville province in southern Spain. The ground-mounted photovoltaics plant was completed and connected to the electricity grid in December 2023, and already generates electricity income. The total output amounts to 15.1 MWp (Megawatt peak). The acquisition was completed on behalf of the HIH Green Energy Invest fund. Seller is the German company BayWa r.e., which developed the project and oversaw its construction as general contractor. BayWa r.e., who is a globally leading developer, service provider, PV wholesaler and supplier of energy solutions, will also handle the technical and commercial management of the solar park for the long term. In a previous joint effort, BayWa r.e. and HIH Invest successfully implemented a wind farm project in France.
You can now read the full whitepaper at the link below
