GS Inima Completes Acquisition of El Fenazar Solar Park

Deal News | Jan 17, 2025 | Iberian Lawyer

GS Inima, a global leader in environmental services, has completed the acquisition of a 30.12 MWp photovoltaic solar plant located in Molina de Segura, Murcia, Spain. This project utilizes advanced bifacial modules and solar tracking technology, and is set to generate nearly 60,000 MWh annually, sufficient for over 5,500 homes. With all necessary permits secured, construction is anticipated to start in the fourth quarter of 2025 and complete by 2027. This acquisition further bolsters GS Inima's commitment to growing its renewable energy presence, following its earlier procurement of a solar PV plant in Chile in 2024. The acquisition was facilitated by legal advisors from Pinsent Masons.

Sectors

Renewable Energy
Environmental Services

Geography

Spain – The location of the newly acquired solar park is in Molina de Segura, a notable context for renewable energy developments in Spain.
Chile – The reference to the previous acquisition of a solar PV plant in Chile highlights GS Inima's operational footprint beyond Spain.

Industry

Renewable Energy – The acquisition of the solar plant directly relates to the renewable energy sector, focusing on the expansion and implementation of solar energy projects.
Environmental Services – GS Inima's broader involvement in services related to the water and energy cycle also places them within this industry, reflecting their expertise in eco-friendly and sustainable practices.

Financials

Not disclosed – The financial terms of the acquisition have not been disclosed in the article.

Participants

Name	Role	Type	Description
GS Inima	Bidding Company/Buyer	Company	A world leader in environmental services focused on the integral water and energy cycle, recently expanding its renewable energy operations.
El Fenazar Solar Park	Target Company	Company	A 30.12 MWp photovoltaic solar plant located in Molina de Segura, Murcia, Spain.
Pinsent Masons	Legal Advisor	Company	An international law firm advising GS Inima on the acquisition, with a team led by energy partner Alfonso Bayona.