OX2 has finalized the sale of a 25 MW solar project in Spain to Greening Group, with the transaction expected to be recorded in the third quarter of 2024. The deal includes project rights for five solar farms located in the Cáceres region of Extremadura, with a combined estimated capacity of 25 MW.
The solar arrays will be developed by Greening Group, a Spanish developer. OX2 noted that the transaction will have a limited financial impact on its accounts.
This sale marks OX2's second transaction with Greening Group in the Spanish market. In late 2023, the two companies reached an agreement for the sale of project rights for solar farms totaling 45 MW in the Andalucia region.
