Investment Fund Buys 9.9 MW Solar Plant From First Solar

European Solar Power Fund, a renewable energy-focused fund for institutional investors managed by KGAL GmbH & Co. KG, has purchased a 9.9 MW power plant near Zamora, Spain, from First Solar.

Currently under construction by Gehrlicher Solar Espana, with an expected completion date of December, the 37.6-hectare solar farm will produce an estimated 15,000 MWh of electricity a year. The long-term financing for the project was structured by HSH Nordbank AG.


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