Acciona (ANA.MC) and Mistubishi Corporation (MSBHY.PK) have signed an agreement giving Mitsubishi a 34% stake in Amper Central
Solar, a subsidiary of Acciona and the developer of Portugal´s Amareleja (Moura) PV solar plant.
Financial terms of the agreement were not disclosed.
This deal marks the companies' first collaboration in renewable energy. Acciona, one of the world´s largest renewable energy companies, and Mitsubishi Corporation, Japan´s largest industrial group, said they plan to extend their collaboration in renewable energy and other sustainable development projects worldwide.
The companies said they agree on the need to move towards a sustainable energy model and in so doing create the base for the significant expansion of industry and other productive sectors.
The 45.8 megawatt (MW) Amareleja (Moura) plant is one of the world´s largest grid-connected photovoltaic solar plant and required an investment of EUR 261 million. It has an estimated annual production of 93 million KWh, enough to supply 30,000 homes with electricity.
