Gilatz Investments Ltd. (TASE: GLTS) will acquire, through its subsidiary, a solar energy park now under construction in Spain, for €31.6 million (NIS 161.3 million).
The 72,600-square meter solar park will be located near Cuenca, a city located 150 kilometers south east of Madrid, and will cost €30 million to develop. It will produce a total of 3.84 megawatt hours through a network of solar receivers the company will build there.
