DWS is acquiring a portfolio of 147MW in solar assets in Spain from Brookfield-owned renewables firm X-Elio.
The asset manager said it has agreed to buy the three solar photovoltaic plants on behalf of its German investors-backed European infrastructure investment strategy, without disclosing any financial details.
The three projects, located in the municipality of Medina de las Torres, Badajoz, started operations in mid-2023.
Peter Brodehser, partner of infrastructure investments at DWS, said: “We are very pleased with three further investments for our European infrastructure strategy for German investors. Investments both from institutional and from retail clients are needed to drive change and enable European transformation projects, particularly in the energy sector.”
The latest deal follows DWS’s recent investment in the Energiepark Lausitz solar plant in Germany.
Brodehser added: “Investors in our strategy can participate in infrastructure projects, supporting Europe’s energy transition ambitions as well as receiving a return on their investment. It is a pleasure for us to be able to walk part of this path together with the team at X-Elio.”
Nicholas Pentreath, CFO of X-Elio, said: “We take pride in developing high-quality sustainable assets and the acknowledgment of international first-in-class partners such as DWS.
“We are witnessing the enormous potential of Spain to lead the renewable transition in the EU, this being one of our key strategic markets.”
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