{"id":77875,"date":"2023-06-07T01:00:10","date_gmt":"2023-06-07T01:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/"},"modified":"2023-06-07T01:00:10","modified_gmt":"2023-06-07T01:00:10","slug":"efg-holding-backed-ignis-prepares-to-sell-five-solar-plants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/","title":{"rendered":"EFG Holding-backed Ignis prepares to sell five solar plants"},"content":{"rendered":"

Ignis to sell EUR 300 mn of its solar portfolio:<\/strong> Spanish renewables developer Ignis Energia is selling five solar power projects worth some EUR 300 mn, reports Spanish newspaper Expansion<\/a> in a story picked up by Reuters<\/a>, with the renewable energy firm hiring investment bank Lazard to work on the sale. The portfolio of projects up for sale has a combined electricity capacity of 380 MW that is expected to come online late 2024.<\/p>\n

The Egypt connection:<\/strong> Egyptian financial institution EFG Holding\u2019s clean energy investment platform Vortex Energy signed an agreement in 2021 to invest EUR 625 mn<\/a> in the company for what media reported was a 49% stake. Vortex is making incremental equity investments in the firm, announcing separate EUR 222 mn<\/a> and EUR 46 mn<\/a> commitments during 2022. The investment was made through the renewables-focused Vortex Energy IV Fund, which reached its first close<\/a> of USD 200 mn in July 2021.<\/p>\n

The next round of investment is expected soon:<\/strong> Vortex said last year that it would invest another EUR 176 mn in the company in 1Q 2023, with the remaining EUR 181 mn coming after.<\/p>\n

Ignis is one of the largest solar energy companies in Spain:<\/strong> The company has 20 GW of projects under development and 4.5 GW of assets under management.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ignis to sell EUR 300 mn of its solar portfolio: Spanish renewables developer Ignis Energia is selling five solar power projects worth some EUR 300 mn, reports Spanish newspaper Expansion in a story picked up by Reuters, with the renewable energy firm hiring investment bank Lazard to work on the sale. The portfolio of projects […]<\/p>\n","protected":false},"author":1,"featured_media":77876,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[500],"tags":[129,40,249,11,1368,88,94,448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-efg-holding","tag-egypt","tag-energy","tag-enterpriseclimate","tag-ignis-energia","tag-renewables","tag-solar","tag-vortex-energy","wpautop","entry"],"acf":{"mongo_id":"62058868-f3aa-4a65-b92e-a91584bd4020","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/325.jpg","photo_position":"above","related_issue":[77863],"teaser":"","voice_url":""},"yoast_head":"\nEFG Holding-backed Ignis prepares to sell five solar plants - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Holding-backed Ignis prepares to sell five solar plants\" \/>\n<meta property=\"og:description\" content=\"Ignis to sell EUR 300 mn of its solar portfolio: Spanish renewables developer Ignis Energia is selling five solar power projects worth some EUR 300 mn, reports Spanish newspaper Expansion in a story picked up by Reuters, with the renewable energy firm hiring investment bank Lazard to work on the sale. The portfolio of projects […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-07T01:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Holding-backed Ignis prepares to sell five solar plants\",\"datePublished\":\"2023-06-07T01:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EFG Holding\",\"Egypt\",\"energy\",\"EnterpriseClimate\",\"Ignis Energia\",\"renewables\",\"SOLAR\",\"Vortex Energy\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\",\"name\":\"EFG Holding-backed Ignis prepares to sell five solar plants - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-07T01:00:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFG Holding-backed Ignis prepares to sell five solar plants\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EFG Holding-backed Ignis prepares to sell five solar plants - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/","og_locale":"en_US","og_type":"article","og_title":"EFG Holding-backed Ignis prepares to sell five solar plants","og_description":"Ignis to sell EUR 300 mn of its solar portfolio: Spanish renewables developer Ignis Energia is selling five solar power projects worth some EUR 300 mn, reports Spanish newspaper Expansion in a story picked up by Reuters, with the renewable energy firm hiring investment bank Lazard to work on the sale. The portfolio of projects […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/","og_site_name":"Climate","article_published_time":"2023-06-07T01:00:10+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFG Holding-backed Ignis prepares to sell five solar plants","datePublished":"2023-06-07T01:00:10+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/"},"wordCount":207,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1","keywords":["EFG Holding","Egypt","energy","EnterpriseClimate","Ignis Energia","renewables","SOLAR","Vortex Energy"],"articleSection":["ENERGY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/","name":"EFG Holding-backed Ignis prepares to sell five solar plants - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1","datePublished":"2023-06-07T01:00:10+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/07\/efg-holding-backed-ignis-prepares-to-sell-five-solar-plants\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"EFG Holding-backed Ignis prepares to sell five solar plants"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/325.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-kg3","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=77875"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77875\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/77863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/77876"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=77875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=77875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=77875"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=77875"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}