Siemens Gamesa sells three solar PV plants in Spain

Siemens Gamesa wind turbine

Siemens Gamesa Renewable Energy has sold three operational solar photovoltaic plants in Spain to Aurea Capital.

The plants, with a total capacity of 1.2 MW, are located in the Spanish provinces of Huesca, Murcia and Huelva.

Siemens Gamesa said the sale is part of the non-core asset disposal program aimed at enhancing its resource allocation and cash management. The deal will have a positive impact on cash and provide a capital gain of approximately €1 million in the current FY19.