Vulture Funds Circle Spanish Solar as Windfall Looms

By [email protected] Spain’s solar industry is attracting foreign investors amid expectations that the Spanish government will be forced to repay cash withheld through retroactive cuts.

Miguel Ángel Martínez-Aroca, president of Anpier, Spain’s national association of photovoltaic energy producers, revealed the group’s members were being approached by so-called vulture funds, investors looking to buy distressed solar assets, earlier this summer.

“Every day they call us and tell us they’ll buy all we can offer, all there is,” he told attendees at a meeting to present an annual report from the association. “There is a disproportionate interest.”

The interest is not new. Funds have been looking to

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