Spain: MEP Asset Management acquires 5 Solon PV parks

The transaction, which saw MEP take over both technical and operational management, took place at the start of the year. The move came after Solon opened insolvency proceedings in mid-December.

According to MEP, bankers and investors were left feeling "unsettled", due to the "large number of operational failures and the resulting warranty claims…" It added, "They wanted a management company that was competent and, above all, reliable.

Manager, Christian Reuter added that the goal is to operate the photovoltaic plants both sustainably and for the long-term.

MEP could not be immediately contacted for further comment.