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    VER   AT0000746409

VERBUND AG

(VER)
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VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain

11/29/2021 | 02:30am EST

EQS Group-News: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain

29.11.2021 / 08:28
The issuer is solely responsible for the content of this announcement.


VERBUND AG has acquired the Illora solar project in Southern Spain from BayWa r.e. The Illora solar park is located in Pinos Puente close to Granada. The park is divided into three photovoltaic blocks with a planned total capacity of 147.6 MWp. Illora will produce approximately 260 GWh of green electricity per year. Construction of the solar park commenced in May 2021, with commissioning planned for the first quarter of 2022. The parties have agreed not to disclose the purchase price or any further details of the transaction.

VERBUND's 2030 strategy plans for significant growth in the area of solar and wind power with the objective of producing around 20-25% of total electricity generated from photovoltaic systems and onshore wind farms by 2030. In addition to entering the Spanish market, this transaction marks an important step toward achieving this goal.

Contact:

Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor-relations@verbund.com


29.11.2021 This Corporate News was distributed by EQS Group AG. www.eqs.com


Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Foreign Exchange(s) Vienna Stock Exchange (Official Market)
EQS News ID: 1252410

 
End of News EQS Group News Service

1252410  29.11.2021 

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