Amancio Ortega, the billionaire founder of Inditex SA’s Zara clothing chain, agreed to buy a 49% stake in a Spanish clean energy portfolio from Repsol SA for €363 million ($395 million), its largest acquisition of renewable energy assets so far.
The portfolio comprises 12 wind farms and two solar photo-voltaic plants located across Spain, with a total capacity of 618 megawatts, Madrid-based Repsol said in a regulatory filing on Thursday. It also includes projects with hybridization potential, which would add an additional 279.2 megawatts.
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