ONTIER advises Matrix on acquisition of solar PV portfolio

ONTIER’s Spain and Italy teams have advised Matrix Renewables Spain, on acquisition of portfolio of PV projects

Ontier SpainONTIER’s M&A Energy Spain and Italy teams, have advised Matrix Renewables Spain, S.L. on the acquisition of a portfolio of PV projects. The portfolio comprises of a total capacity of approximately 440 MW, located in different locations in Spain and Italy.

The portfolio, which comprises five different assets with a capacity of 440 MW, includes 400 MW of solar PV in Spain and 40 MW in Italy. Construction on the first phase of these projects is expected to begin in 2022, confirmed a spokesperson in a statement from Matrix Renewables.

The operation was a global transaction, with ONTIER Spain and ONTIER Italy’s M&A Energy teams jointly and locally advising Matrix. The Spanish team involved in this operation was comprised of Pablo Enrile (pictured left), Corporate, M&A and Energy partner; Lucía González (pictured centre), head of the Energy M&A practice and Paula Rubio (pictured right), associate from the Energy M&A practice.

Matrix Renewables is a renewable energy platform created and backed by the global alternative asset manager TPG and its $13 billion impact investing platform TPG Rise. Headquartered in Madrid, Matrix Renewables focuses on developing, constructing and acting as long-term owners of renewable energy assets.