Portfolio Expansion: Tion Renewables Secures 104 MW Solar Portfolio in Spain Through Deal With EDPR

Munich, Germany - Tion Renewables Group has signed a purchase agreement with a subsidiary of EDP Renewables (EDPR) for the acquisition of four operational solar parks in Spain, located in Aragon and Andalusia. The total output of the projects is 104 MW.

The park in Aragon has been in operation for 1.5 years, while the three projects in Andalusia have been in operation since November 2024. Power purchase agreements with a term of 15 years have been concluded for all four projects.

The transaction is still subject to conditions precedent, regulatory requirements and other customary conditions for a transaction of this type.

“This transaction is a landmark for Tion, demonstrating our ability to execute large-scale deals while securing a high-quality portfolio of assets from a prime developer,” said Christoph Strasser, Co-Founder & CIO of Tion, and highlighted that “a key feature of this portfolio are the 15-years PPAs. Long-term PPAs like these are rare to find in the Spanish market and perfectly fit our strategy to grow and diversify our contracted revenue base.”

About Tion Renewables The Munich-based renewable energy producer Tion Renewables focuses on the construction and operation of onshore wind and onshore solar parks as well as battery storage systems throughout Europe. Tion Renewables went public in 2019 but was delisted in 2024 by the investment organization EQT Group. Tion benefits from EQT's extensive experience in the renewable energy sector, access to its network of more than 600 industry consultants and its internal expertise in the areas of trading, sustainability and digitalization. Tion Renewables holds a majority stake in the independent power producer Clearvise AG.

Source: IWR Online, 16 Dec 2024