Tion Renewables Group (“Tion”) has signed a sale and purchase agreement with a subsidiary of EDP Renováveis, S.A. (“EDPR”) to acquire four operational solar farms in Spain.
The portfolio includes one solar farm in Aragon, which has been operational for approximately 1.5 years, and three projects in Andalusia, which began operations in November 2024.
All four projects are backed by 15-year power purchase agreements (PPAs), providing stable, long-term contracted revenue.
The transaction remains subject to regulatory approvals, precedent conditions, and other standard closing requirements.
Christoph Strasser, Co-Founder & CIO of Tion, emphasized the significance of the deal, stating: “This transaction is a landmark for Tion, demonstrating our ability to execute large-scale deals while securing a high-quality portfolio of assets from a prime developer, a key feature of this portfolio are the 15-years PPAs. Long-term PPAs like these are rare to find in the Spanish market and perfectly fit our strategy to grow and diversify our contracted revenue base.”
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