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Ence Selling Stake in Spanish Biomass Plant (Int'l., M&A)
Ence Energia,Celulosa SA
Date: 2020-11-25
Madrid-headquartered pulp producer and energy company Celulosa SA reports it will sell a 49 pct stake in its 266-MW Ence Energia SLU biomass plant to UK infrastructure investment manager Ancala Partners LLP for €359 million ($423 million), subject to shareholder approval.

Celulosa SA notes its 50-MW Puertollano solar thermal power plant is not part of the Ancala Partners agreement. The company will be selling its 90 pct interest in this asset separately.

Ence Energia has a 405 MW of grid connected renewable energy projects in Spain -- four biomass projects totaling 165 MW, and four PV schemes of 240 MW. (Source: Ence Energia, PR, Website, 13 Nov., 2020) Contact: Ence Energia, +34 91 337 85 00, www.ence.es; Celulosa SA, iconos_r1_c2_s1 011 3221-9300 www.celulosaargentina.com.ar

More Low-Carbon Energy News Ence Energia,  Biomass,  


Ancala Partners Snares 82MW Cypriot Wind Farm (M&A, Int'l Report)
Ancala Partners,Platina Energy Partners
Date: 2020-03-30
London-headquartered Ancala Partners LLC, an independent infrastructure investment manager focused on UK and European mid market infrastructure opportunities, is reporting acquisition of the Orites wind farm, the largest operating wind farm in Cyprus, from Platina Energy Partners LLC, a London-based private equities firm.

The Orites wind farm incorporates 41 Vestas V90-2MW wind turbines and produces roughy 5 pct of the island nation's electricity generation capacity. The facility has a long term PPA with the government-backed Electricity Authority of Cyprus (EAC) and a fixed rate tariff with the Cypriot government until 2031. (Source: Ancala Pertners, DLA Piper, Global Legal Chronicle, 24 Mar.,2020) Contact: Platina Energy Partners, +44 20 7042 9600 -- London, enquiries@platinapartners.com, www.platinapartners.com; Ancala Partners, +44 208 059 0320, contact@ancala.com, www.ancala.com

More Low-Carbon Energy News Ancala Partners,  Wind,  Cyprus Wind,  

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