Following a EUR 225 million investment from GE Energy Financial Services and Grupo Corporativo Landon, Fotowatio has acquired four solar photovoltaic power plants producing 32 MW in Murcia, Spain.
Fotowatio purchased the four plants – Calasparra I and II and Fuente Alamo II and III – from GA Solar, a subsidiary of Spain-based industrial firm Corporacion Gestamp. These plants are fully operational and supply power to Spain's electricity grid.
In addition to the portfolio of projects Fotowatio has already developed and constructed, the company now operates 90 MW of solar plants. To date, Fotowatio has grown its pipeline of solar projects in development to 1,100 MW across Spain, Italy and the U.S.