The project has secured financing for its development, enabling the advancement of one of the most innovative tidal energy initiatives currently under development worldwide.
Located in the German states of Mecklenburg-Vorpommern, Brandenburg and Saxony-Anhalt, the projects will continue to be developed by Orrön Energy until construction begins and will have a combined capacity of 234 MW.
The acquisition, completed just days after receiving authorisation from the Bank of Italy, marks a significant milestone in the creation of the new Artigiancassa.
The financed portfolio has a total installed capacity of 171.74 MW
This transaction represents Repsol’s second renewable project financing, following a €348 m financing secured in December 2024 for the construction and development of a 400 MW Spanish renewable energy portfolio.
The portfolio includes gas plants at Damhead Creek, Rye House, Shoreham and Blackburn.
The portfolio includes 374 MW of operational assets and 50 MW under construction, diversified across 204 MW of solar PV and 220 MW of wind.
The transaction was concurrent with CVC DIF’s acquisition of a majority stake in the company.
MPCC contracted China’s Taizhou Sanfu Ship Engineering to build six 3,700 TEU container ships, with the first delivery scheduled for H2 2028.
The portfolio comprises three plants located in the Lazio region and two in Puglia.
