EQS-News: VERBUND AG: Acquisition of an operational renewables portfolio (82 MWp) and of a development platform (around 2,100 MW at an advanced stage) in Spain

EQS-News: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: Acquisition of an operational renewables portfolio (82 MWp)
and of a development platform (around 2,100 MW at an advanced stage) in
Spain

09.05.2022 / 10:17
The issuer is solely responsible for the content of this announcement.

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VERBUND AG hereby announces the acquisition of a regulated and operational
PV portfolio in Spain, with a total installed capacity of 82 MWp.
Furthermore, the acquisition also includes an extensive development
platform (wind and PV), together with its development team. Approximately
2,100 MW of this platform is at an advanced stage of project development,
while around 2,400 MW are greenfield projects. The development team
enables the ongoing development of the VERBUND-activities in Spain. 100%
of the stakes in this portfolio will be acquired.

The projects are located across Spain. On the basis of projected capacity,
the geographic focus of the projects lies in the Castilla–La Mancha region
in Central Spain and in Andalusia, Southern Spain. Vendors are various
funds of the Q-Energy Group. Manager of the vendor funds is Q-Energy
Private Equity, a leading fund manager for investment in the renewable
energy sector.

VERBUND’s 2030 strategy plans for significant growth in the area of solar
and wind power with the objective of producing around 20–25% of total
electricity generated from photovoltaic systems and onshore wind farms by
2030. Following successful entry into the Spanish market in late November
2021 with the lllora project, and the acquisition of a 70% stake in one
solar and four wind power project companies in Spain from Capital Energy
Power Vortice S.L.U. in March 2022, this transaction is another important
step towards achieving this objective and enables VERBUND to take a
leading position in the Spanish energy market.

Contact: Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 – 52604
F.: +43 (0)5 03 13 – 52694
investor-relations@verbund.com

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09.05.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1346737

 
End of News EQS News Service

1346737  09.05.2022 

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