Northleaf Capital Partners sold its majority stake in Mula Solar. This 494 MWp solar plant is in Murcia, Spain. Qualitas Energy, a minority partner, also participated. China Three Gorges (Spain), S.L.U., a subsidiary of China Three Gorges Corporation, made the purchase. Northleaf acquired Mula in 2018. This sale completes Northleaf’s value creation strategy. Investors will see substantial returns.
Mula Solar is a major European solar plant. It boasts high-performance capacity. It also has a robust financial structure. Spain’s favorable solar conditions benefit the plant. High solar irradiation levels are present. It is located within a strong transmission network. Mula’s long-term power purchase agreement adds financial stability. This makes it attractive to renewable energy investors.
Northleaf’s Strategy and Clean Energy Market Impact
Mula Solar’s sale is a Northleaf milestone. They strategically invested in renewable energy infrastructure. Roderick Gadsby stated a focus on mid-market infrastructure. These assets offer stable cash flows. They also provide strong yields. They link to inflation. Northleaf’s approach delivered solid returns. This occurred despite market fluctuations. Mula’s sale supports the global clean energy shift. It enhances Northleaf’s renewable energy reputation.
Transaction Details and Advisors
The transaction closes in early 2025. Société Générale provided financial advisory. Watson Farley & Williams provided legal advisory. E&Y gave accounting and tax advisory. DNV provided technical advisory. This partnership ensured a smooth sale.
Leave a Reply
You must be logged in to post a comment.