Siemens Gamesa sells three solar PV plants in Spain

By Editor


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.

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