For the Liechtenstein Group, this investment is a further step towards the energy transition and the creation of a diversified renewable energy project portfolio.
“We are delighted to have closed this transaction with Glide Energy. Not only does it mark our entry into the Spanish PV market, but it is also the start of a multi-year co-development agreement with a very experienced team of developers led by Marcos Sebares and Raquel Gadea. This gives us access to a pipeline of projects which, once completed, will generate green electricity,” says Johannes Meran, Liechtenstein Group CEO.
The focus of the cooperation will be on regular grid connection projects on a scale of up to 150 MWp. Start-up financing provided by the Liechtenstein Group will enable Glide Energy to develop projects and secure grid connections. Thereafter, all plants under the umbrella of the joint venture will be developed to the point of construction readiness.
Founded in 2018, Glide Energy focuses on the development of solar and wind power projects on greenfield sites in Spain and undertakes all development steps up to construction readiness. The Glide Energy project pipeline currently consists of solar projects totaling 3.2 GWp.
For generations, the Liechtenstein Group has invested in sustainable and innovative business models and, through its entrepreneurial activities, has made a contribution to meet such global challenges. In the field of renewable energy, the Group focuses particularly on wind power, hydropower and photovoltaics, areas in which the Liechtenstein Group has many years of project development and investment experience and in which the Group is now establishing a strong, diversified project portfolio.
The Liechtenstein Group has been supported in this transaction by SI-Capital, the Group’s Spanish renewable energy partner and its Spanish law firm Cuatrecasas.
Cuatrecasas advised with a team including partners Dr. Kai Christian Fischer, Luis Pérez de Ayala and Andreas Trost, together with lawyers Ander Portillo, Ignacio Giner Sancho, Ana Laso and Marc Amorós Segura.
