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HgCapital invests in three Spanish solar PV plants

HgCapital’s Renewable Power Partners Fund has invested in three Spanish solar photovoltaic (PV) plants.

The consideration represents an enterprise value of €300 million, with the total output of 35.4 MW of solar energy.

HgCapital purchased the solar PV stake from AIG Financial Products Corp, an AIG company, and from 360 Corporate, a Spanish investment banking firm, for an undisclosed amount.

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Photovoltaics (PV)