Irish investors are in line for a €25 million payout following the sale of Spanish solar electricity plants.
Green electricity developer Arclight is selling its Spanish solar farms in a deal valued at €68 million.
The sale will realise €25 million for Irish investors who backed the development in 2008 with a total of €40 million.
Arclight has not named the buyer, but it is understood to be Plenium Partners, part of Spanish lender Bankinter.
It received €20 million two years ago when the farms refinanced their original debt with the issue of a €43 million green bond that listed on the Frankfurt Stock Exchange. US…
Sale of Spanish solar energy farms to generate €25m for Irish investors
