Vector Cuatro, advisor of Galp in the largest Iberian solar power portfolio acquisition
Vector Cuatro has acted as advisor for the energy division of the Portuguese gas company, Galp Energía, in the acquisition of ACS’ solar PV assets. The portfolio includes operating PV plants with an installed generation capacity of 900 MW plus a further 2.9 GW under development.
During the acquisition process, Vector Cuatro has supported Galp as advisor through its three business lines (technical, legal and financial advisory), providing full technical advisory services on the due diligence process, legal advisory on the negotiation of the EPC and O&M contracts and commercial advisory related to the transaction both on operational and under development projects. For the provision of such services Vector Cuatro has fully leveraged on its internal resources.
Portfolio includes photovoltaic power plants under operation with an installed capacity of 900 MW. It also comprises projects under development with sum up a total installed generating capacity to 2.9 GW by 2023, enough to supply the average consumption of 1.8 million households. They will also contribute to avoid the emission of an equivalent 87 million tons of CO2. With this new acquisition, Galp becomes the largest solar energy company on the Iberian peninsula
With such new services, Vector Cuatro reaches a track record of more than 65 GW in technical services in over 40 countries, besides its current portfolio of 2.6 GW under management and 4.6 GW in M&A and Financial Advisory. To date, the company has been involved in more than 2000 projects, which has allowed Vector Cuatro to position itself as one of the most relevant companies in the renewable energy industry worldwide.
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