Spanish energy company Gas Natural (BME:GAS) is keen on bidding for T-Solar, the solar power subsidiary of troubled Spanish engineering and construction group Isolux Corsan, informed sources told local newspaper Cinco Dias.
The insiders have unveiled that interested parties have time until June 30 to make their bids for T-Solar. Spanish daily Expansion previously reported that Cerberus Capital Management LP and Bruc Capital planned to bid together for the company.
According to media reports, the price tag set by Isolux is EUR 170 million (USD 192m). The business being sold also has nearly EUR 700 million in debt.
T-Solar has 326 MW of PV capacity in operation, under construction or development in Spain, Italy, India, Peru, the US, Puerto Rico, Mexico and Japan.
Source: SeeNewsRenewables
