29 June 2022
Aquila European Renewables Income Fund plc
Aquila European Renewables Income Fund plc completes the acquisition of a 100% interest in the Spanish solar asset, Tiza
Aquila European Renewables Income Fund plc ("AERIF" or "the Company"), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH, is pleased to announce that further to the RNS released on 16 May 2022, its wholly owned subsidiary, Tesseract Holdings Limited has closed the acquisition of a 100% interest in Tiza, a 30 MWp operating solar PV asset located in the south of Spain.
Tiza benefits from a recently signed, 6.5 year fixed price Power Purchase Agreement with Axpo Iberia, a subsidiary of Axpo Solutions, which covers 70% of P50 production.
LEI: 213800UKH1TZIC9ZRP41
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NOTES
Aquila European Renewables Income Fund plc is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market.