IMAP is proud to announce that REDEN Solar, a solar IPP from France, has concluded the acquisition of 2 solar farms in Spain, with an installed capacity of 2.8 MW.
This acquisition follows REDEN Solar’s announcement regarding its intention to expand operations in Iberia, as regional governments continue to promote and develop the renewable sectors and exhibit positive signs of regulatory predictability.
REDEN Solar is one of Europe’s leading independent producers of photovoltaic power, having completed projects amounting to 450 MWp across 500+ sites. The company is currently developing a portfolio of 1 GWp across various sectors and already has 75% of its upcoming international pipeline secured, with 185 MW under construction and another 400 MW identified and under development.
IMAP Portugal (Invest Corporate Finance), cemented its status as one of Portugal’s leading M&A houses in the renewables sector, acting as exclusive financial advisor to REDEN Solar in a bilateral negotiation for the 2 acquired assets.
In 2019, IMAP closed 234 M&A deals valued at over $13 billion. The result was higher than the previous year (208) and indeed, marked IMAP’s strongest performance since 2012. Average disclosed IMAP deal value stood at $66.9 million.
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