Bulgarian REEF buys 49.99-MW PV park in Spain
Bulgaria-based solar company REEF Development Ltd. has acquired a 49.99-megawatt (MW) photovoltaic (PV) park in the Spanish region of Extremadura, Renewables Now reports.
The vendor is Germany’s Viridi RE Development GmbH, the legal advisor in the transaction, Watson Farley & Williams (WFW), said on May 28.
The transaction was closed for an undisclosed amount on May 7. Details on the plant have not been released.
REEF is a privately-owned PV project investor involved in the full project-cycle development value chain. Its current business activities are focused on the markets in Spain and Portugal, according to WFW, Renewables Now notes.
According to REEFʼs own website, the name stands for Renewables and Energy Efficiency Facility (REEF); the company was "established with the aspiration to invest and participate in creation of sustainable energy solutions. It is backed by shareholder ODACIO Corp., a private investment entity with strong financials and interests in renewable energy investments.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
