Siemens Gamesa sells three photovoltaic power plants in Spain

(PresseBox) ( Zamudio, Vizcaya, )

This transaction furthers the company's non-core asset disposal programme 
The plants, located in Huesca, Murcia and Huelva, have an aggregate capacity of 1.2 MW

Siemens Gamesa Renewable Energy (SGRE), through its subsidiary SGRE 9Ren, has sold three operational solar photovoltaic plants to Aurea Capital, a fund specialised in renewable energy and infrastructure. The plants, with an aggregate capacity of 1.2 MW, are located in the Spanish provinces of Huesca, Murcia and Huelva.

The sale, valued in line with similar deals reported in the industry, is part of the non-core asset disposal programme set in motion by the company in order to enhance its resource allocation and cash management. The deal will have a positive impact on cash and provide a capital gain of approximately €1 million in the current FY19.

About Aurea Capital Partners

Aurea Capital is an investment and asset management firm, founded in 2013 by a group of technical and finance professionals, that is specialised in renewable energy, infrastructure and selected industrial sectors.

The team has extensive experience in private equity, banking, business development and financial restructuring Its multidisciplinary international experience assures thorough investment analysis, transaction execution, and portfolio management and divestment in line with our investors' and partners' risk/return profile.

Aurea invests mainly in :
• Investments with a strong social and environmental impact;
• Investments requiring active, specialized management;
• Investments in production assets based on proven technologies;
• Investments in assets with a predictable effective return;

The Aurea Capital team has originated, invested, managed and/or divested assets with an aggregate value of €3 billion.

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