Spain-based Qualitas Energy, in partnership with Northleaf Capital Partners, announced the sale of the 494 MW Mula photovoltaic solar plant in Murcia, Spain, to China Three Gorges Spain, a subsidiary of CTG Europe. The sales represented 100% equity interest in one of Europe’s largest photovoltaic projects. In 2023, Mula underwent refinancing with several financial institutions and secured a 10-year Power Purchase Agreement with a global energy leader. The transaction, recommended by Greenhill, Watson Farley & Williams, E&Y, and DNV, remained subject to customary processes, with closing expected in Q1 2025.
Qualitas Energy transfers 494 MW Mula PV plant to China Three Gorges
Mula solar plant sale, advised by Greenhill, Watson Farley & Williams, E&Y, and DNV, secures 100% equity transfer. (Image Source: Qualitas Energy)
RES has been ranked by Wood Mackenzie as the second-largest solar O&M operator globally. (Image Source: RES Group)
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