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Organization is purported to have dispensed EUR 1.8 billion of investment capital
2023-02-12
London-based asset manager ICG Plc declared on Wednesday that its ICG Infra I fund had acquired an Iberian renewables platform, with a portfolio of 900 MW of projects situated in Spain and Portugal. The Dos Grados platform encompasses four solar PV and two wind-and-solar hybrid facilities currently under construction throughout the Iberian Peninsula. The first to come into realization is a 126-MW solar PV plant project in Portugal, with construction set to initiate in early 2023. The balance of the portfolio is expected to reach ready-to-build status between 2023 and 2024, as reported by ICG. No details were given regarding the cost for which ICG Infra I obtained the Dos Grados platform. This was the first acquisition in Iberia for the EUR-1.5-billion (USD 1.56bn) infrastructure fund.
The Madrid-based organization is purported to have dispensed EUR 1.8 billion of investment capital and constructed more than 1 GW of power generation plants, according to the announcement. As part of this venture, ICG Infra will join forces with Dos Grados to construct and operate the existing projects in the long run, while also funding organic and inorganic growth across Spain and Portugal, per asset management firm’s declaration.
London-based asset manager ICG Plc declared on Wednesday that its ICG Infra I fund had acquired an Iberian renewables platform, with a portfolio of 900 MW of projects situated in Spain and Portugal. The Dos Grados platform encompasses four solar PV and two wind-and-solar hybrid facilities currently under construction throughout the Iberian Peninsula. The first to come into realization is a 126-MW solar PV plant project in Portugal, with construction set to initiate in early 2023. The balance of the portfolio is expected to reach ready-to-build status between 2023 and 2024, as reported by ICG. No details were given regarding the cost for which ICG Infra I obtained the Dos Grados platform. This was the first acquisition in Iberia for the EUR-1.5-billion (USD 1.56bn) infrastructure fund.
The Madrid-based organization is purported to have dispensed EUR 1.8 billion of investment capital and constructed more than 1 GW of power generation plants, according to the announcement. As part of this venture, ICG Infra will join forces with Dos Grados to construct and operate the existing projects in the long run, while also funding organic and inorganic growth across Spain and Portugal, per asset management firm’s declaration.