The company has closed an agreement with Eranovum Energy for the management of a solar PV project under construction totalling 169 MW. Vector Renewables increases its international asset management portfolio exceeding 3,5 GW under management.
The project, called Olmedilla solar park, was acquired in February 2020 by an investment group and its local partner in Spain, Eranovum Energy.
The solar plant, located in Cuenca, Castilla la Mancha, is currently under construction and expected to become operational by the end of 2021. The project will significantly contribute to Spain’s energy strategy to achieve 100% renewable electricity as will supply clean energy to over 52,000 spanish homes. With this new contract, Vector Renewables reinforces its asset management portfolio, exceeding 3,5 GW under management worldwide, one of the largest portfolios managed for third parties by a single company in the renewable energy sector. The company has also provided over 70 GW of technical advisory and over 5 GW of M&A and financial advisory.
Source: Vector Renewables