HIH Invest Real Estate (“HIH Invest”) just acquired the Alcalá solar park in Seville province in southern Spain. The ground-mounted photovoltaics plant was completed and connected to the electricity grid in December 2023, and already generates electricity income. The total output amounts to 15.1 MWp (Megawatt peak). The acquisition was completed on behalf of the HIH Green Energy Invest fund. Seller is the German company BayWa r.e., which developed the project and oversaw its construction as general contractor. BayWa r.e., who is a globally leading developer, service provider, PV wholesaler and supplier of energy solutions, will also handle the technical and commercial management of the solar park for the long term. In a previous joint effort, BayWa r.e. and HIH Invest successfully implemented a wind farm project in France.
HIH Green Energy Invest is a sustainable investment fund with a strategy pursuant to Article 9, Sustainable Finance Disclosure Regulation (EU), and focuses on photovoltaics and wind power plants. The fund volume in the amount of 750 million euros is being invested in existing plants and in projects ready for construction. Primary target countries are Germany, France, Italy and Spain. However, the fund will also consider investments in the BeNeLux countries, the United Kingdom, Ireland, Poland, Portugal, and the Nordics. The latest acquisition completed on behalf of the fund involved a wind park in North Rhine-Westphalia, while further investments are either in the acquisition phase or undergoing pre-acquisition audits.
Source: press release sent 21 March 2024