Project Finance Brief: Ferrovial Acquires 257 MW Solar Project in Texas
Recurrent Energy sells the Middle Road solar project in the U.K.
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Ferrovial, a sustainable infrastructure builder and operator, announced the acquisition of a 257 MW solar project in Leon County, Texas, U.S. The acquisition agreement includes the construction and operation of the solar project, which is capable of powering over 36,000 households. The company is investing $72 million in the project, which is its first investment in a renewable project in the U.S., where the company has been operating for 20 years. Once operational, the project will generate approximately 475 GWh annually, avoiding the emission of over 195,000 tons of carbon dioxide annually.
