Aquila Fund Takes Portuguese Solar Interest

Aquila Fund Takes Portuguese Solar Interest

A subsidiary of London-listed Aquila European Renewables Income Fund called Tesseract Holdings has completed the acquisition of a 50% interest in the 60MW Ourique solar farm in Portugal.

Ourique is located in Alentejo and started operations in December 2019.

Its power price hedges cover 100% of the produced energy until March 2026, Aquila said.

The project is expected to save 17,035 tonnes of CO2 emissions a year.

The fund has has now deployed or committed all of its surplus capital that was available for investment activity, following completion of the deal.

Solar assets represent over 25% of the funds portfolio.

 

 

Credits: renews.biz


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