The project is being developed and managed by Exus Management Partners. Exus is an independent investment and asset management firm focused on the renewable energy sector (wind, photovoltaic and small hydro) and combines comprehensive financial, technical and operational know-how which ensures turn-key investment solutions to investors.
BlackRock Real Assets has acquired interest in the construction-ready 24MW solar farm from Exus Management Partners through its Renewable Income Europe fund, a strategy which to date has invested in a diversified portfolio of renewable power infrastructure assets across Europe.
The transaction includes the supply of full EPC and associated guarantees for the performance of solar power plants, as well as the O&M of the plant. The solar plant will be able to supply electricity annually to more than 11,000 houses, resulting in savings of about 12.000 tons of CO2 per year. This plant contributes to the achievement of Portugal’s 2020 goals.
The generated energy will be sold through a private PPA celebrated with Axpo, a leading company in Switzerland with subsidiaries across Europe, operating in Portugal since 2009. It is the second PPA to be carried out from Axpo in Portugal and the third in the Iberian Peninsula.
