Echi has acquired the Enerland Group two solar power plants that will operate according to a grid connection scheme and are located in Zaragoza; Together they amount to 44.21 MW. This is the largest acquisition the company has made in Spain to date.
The energy platform ekhi What offers sustainable, distributed energy services and on a grand scale, it has announced the purchase of two photovoltaic solar power plants totaling 44.21 megawatts in Zaragoza. This investment represents the company’s largest acquisition in Spain to date. The transaction was financed by Banco Sabadell and the factories were acquired from Enerland.
The new facilities of Echi will jointly produce approximately 86 GWh of clean energy per year and contribute significantly to the reduction of the ecological footprint, avoiding the emission of 23,656 tons of CO₂ annual. These environmental benefits are equivalent to planting 1,182,800 trees or avoiding 203.6 million kilometers traveled by conventional vehicles.
The solar power plants were purchased in the RTB (Ready to Build) phase with the commitment to commission them by Enerland. The assets will operate under a grid connection scheme, injecting the generated energy into the wholesale market.
Unlike other Ekhi projects that focus on self-consumptionthis facility is designed to serve the market on a large scale. Ekhi plans to use this asset to increase its capacity to supply 100% renewable energy to end users.
Ekhi: very satisfied with the takeover
Willem Jan Schutte, CEO de ekhi has stated: “This acquisition is a very important milestone for our company as it… sum of two plants with more vigor than Ekhi has in Spain. It has a great strategic fit as these projects are located near industrial areas with growing energy demand.
With these assets we can better serve local consumers. More broadly, this investment reinforces our steadfast commitment to giving 100% renewable energy solutions for all our customers.”
From Enerland, the Aragonese multinational that promotes, builds and operates more than 2 GW of solar and wind energy installations in 11 countries are very enthusiastic about the transaction. CEOs Manuel Balet and Javier Gil have indicated that “Echi It is a first-class partner for us, with a level of excellence that is difficult to match. The fact that they trust us to execute their largest acquisition in Spain to date is a source of pride for our company.”
The transaction was completed very recently and is strong evidence of the company’s sustainable growth strategy. Echi and its commitment to green energy. Thanks to this acquisition, the company continues to grow expanding its portfolio of photovoltaic projects and contribute to a cleaner and more sustainable future.