Capital Dynamics acquires two solar portfolios in Spain, expanding renewable energy investments

Capital Dynamics, an independent Swiss global private asset manager, announced the acquisition of a 100% stake in two solar portfolios consisting of six projects in Andalusia and Aragon, Spain.

The six assets also entered into pay-as-you-go (PaP) power purchase agreements with an S&P 500 company, according to a company statement.

Andalusia’s portfolio includes 157 MWp of solar projects currently under construction, with completion scheduled for the end of 2024. Aragon’s portfolio, with 160 MWp, includes projects ready for construction and fully authorized, with both an Environmental Impact Statement (DIA) and an Administrative Authorization for Construction (AAC). These projects are expected to start commercial operations in the second half of 2025.

Dario Bertagna, Co-Head of Clean Energy at Capital Dynamics, noted: “Spain remains a key market for our investment strategy and we look forward to investing significant capital in the region. Spain’s strong PPA market allows us to mitigate risk and improve asset returns. With increasing government support and expected rate stabilisation across Europe, the coming year is key to creating value for our investors and contributing to a more sustainable future.”

Capital Dynamics, present in the Spanish market since 2013, currently owns and operates almost 2 GW of subsidy-free assets.

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