Aream Group has completed the divestment of two regulated and operational solar photovoltaic plants located in the province of Badajoz (Extremadura), transferring them to a fund managed by Merus Capital, as the company has communicated.
These assets were channeled through investment companies administered by Aream Group. In the process, the firm was supported by PwC as an advisor in mergers and acquisitions operations, and by Jones Day as the law firm responsible for legal advice.
The facilities have a combined installed capacity close to 26.3 megawatts (MWp) and have been in operation since 2010 and 2011, respectively.
Both plants are covered by the Spanish regulatory framework for renewable energy generation, which guarantees long-term revenue visibility through a 30-year regulated remuneration system, based on a standard rate of return set by Royal Decree 413/2014.
With an estimated remaining regulatory life of between 15 and 16 years, these assets provide stable and predictable long-term cash flows within a consolidated regulatory framework.
Aream Group's Director of Investments, Clemens Susen, highlighted that this operation represents "a successful realization of value for investors and reflects Aream's disciplined approach to active portfolio management across Europe."
"With Merus, we have found the ideal investor for these regulated assets, and we thank the entire Merus team for their constructive approach to the transaction. Assets with a long operational history require deep market knowledge, and Merus has demonstrated its technical expertise and extensive understanding of the market," he added.