Abengoa has sold Vela Energy four photovoltaic plants located in the provinces of Seville and Jaen. The agreement, included in the divestment plan recently announced by the company, implies a debt reduction of 50.3 M€ and a net cash inflow of 12.2 M€, and will contribute to achieving the targets set in the viability plan of New Abengoa.
Abengoa has sold four solar photovoltaic plants located in the provinces of Seville: Casaquemada, 1.88MW located at the Solucar Platform in Sanlucar la Mayor; Cabezas de San Juan with a capacity of 5.70MW, Copero, 0.90MW in Dos Hermanas; and Jaen: Linares, of 1.89MW. Abengoa owned 100 % of these plants, with the exception of the installation of Copero, in which it owned a 50 % stake.
This operation is part of the divestment policy of Abengoa and represents further progress in the feasibility process which the company is carrying out.