EQS-News: VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain

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.

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   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:[email protected]

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

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   Language:    English
   Company:     VERBUND AG
                Am Hof 6A
                1010 Wien
                Austria
   Phone:       0043-1-53113-52604
   Fax:         0043-1-53113-52694
   E-mail:      [email protected]
   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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