OX2 Sells 25MW Solar Project in Spain to Greening Group
OX2 has successfully sold a 25MW solar project in Spain to Greening Group, marking another significant milestone in the renewable energy sector. This transaction will be officially recorded in the third quarter of 2024.The sale encompasses project rights for five solar farms situated in Cáceres, within the Extremadura region. These solar arrays, boasting a total estimated capacity of 25MW, will be constructed by the Spanish developer Greening Group.
OX2 mentioned that this transaction will have a limited financial impact on its accounts, underscoring the strategic importance of the sale rather than immediate financial gain. This deal represents OX2’s second sale to Greening Group in the Spanish market. In late 2023, both parties had agreed on the sale of project rights for solar farms totaling 45MW in the Andalucia region.The continued partnership between OX2 and Greening Group highlights the growing momentum in Spain’s renewable energy sector and the collaborative efforts to boost solar power capacity across the region. #SolarEnergy #RenewableEnergy #CleanEnergy #SpainSolar #GreenEnergy #SustainableFuture #OX2 #GreeningGroup #ExtremaduraSolar #EnergyTransition