Velto Renewables has acquired a 163 MW solar portfolio in Spain as part of a €1.1 billion deal, with plans to expand the portfolio to 1.2 GW and enter the Portuguese market.
The Latest Spanish solar acquisition
This acquisition highlights the continued growth and investment in Spain’s solar energy sector. Spain has approved 7.2 GW of new solar PV projects so far in 2024, demonstrating the country’s commitment to renewable energy.
Expansion and Investment in Spanish solar acquisition
Velto Renewables’ significant investment reflects confidence in the Spanish and Portuguese solar markets. Spain is also launching programs to boost solar PV manufacturing, with over €210 million in funding allocated to supercharge the sector, as the country aims to install 76 GW of solar PV capacity by 2030, according to PVKnowhow.
