Dublin & Madrid 6th March 2023
Aer Soléir, a Dublin based, Irish Company focused on multi-technology renewable energy development, construction and operation with a particular emphasis on utility-scale onshore wind, solar, and energy storage projects throughout Europe and Tartessos Power Development, a Spanish based developer with an extensive track record in renewable energy development, today announce the signing of a development services agreement covering the co-development of a hybrid project of over 130 MW in the Andalucía region of Spain.
Tartessos has a strong presence across Spain and a robust greenfield renewable energy development portfolio. The partnership allows Aer Soléir to enter the Spanish market with a trusted collaborator and work together to successfully develop Aer Soléir’s first hybrid project. The agreement will see the two companies working closely together, enabling Tartessos to enhance its position as an accomplished green field developer and Aer Soléir to expand its portfolio in a new market. Jones Day acted as legal advisor and Evergy as technical advisor to Aer Soléir on the transaction. Agere Infrastructure Partners acted like financial advisor to Tartessos.
Andy Kinsella, CEO, Aer Soléir states: “The agreement signed with Tartessos Power Development represents a significant milestone for Aer Soléir, our first investment in the Spanish market, and also the introduction of our first hybrid project with an experienced and committed developer in the Spanish renewables market. Tartessos bring strong local expertise and knowledge to this collaboration enabling Aer Soléir expand into the Spanish market. This investment shows our commitment to grow our portfolio into new markets.”
Rainer Kistner, Managing Director, Tartessos Power Development: “The partnership between Aer Soleir and Tartessos Power Development is a perfect match: a well-established renewable energy developer with a 25-year track record in Spain joining forces with an international investor backed by a leading global provider of private capital for the energy transition & decarbonization sector. The envisaged location in Southern Spain is the ideal spot for an innovative hybrid project with the objective to produce during day and night renewable energy at lowest costs.”