News Snapshot:
Recharge: Chinese state-owned power company China Three Gorges (CTG) has agreed to buy 13 Spanish solar plants with a total capacity of more than 500MW from Madrid-based renewables developer X-Elio. The PV arrays were constructed between 2019 and 2020, and are fully operational, X-Elio said, adding that the deal was signed last Friday. Spanish media reports said that CTG was paying around €500m ($596m) for the solar assets. “This represents a landmark transaction for CTG… our first direct investment in Spain,†CTG chairman Wu Shengliang said. “We believe Spain is the biggest solar market and… will consider future opportunities to...
