Solaria’s Real Estate Unit Seeks to Raise €150 Million (1)

Spanish solar developer Solaria Energia y Medio Ambiente SA is seeking investors to inject about €150 million ($168 million) in its real estate unit, according to people familiar with the matter.

Under the plan, Solaria’s Generia unit would hold a capital increase that would give new investors a 49% stake, said the people, who asked not be identified discussing private information. The deal would value the real estate unit at about €300 million.

The Madrid-based developer is seeking to raise the funds as part of its its long-term bet on land for clean energy projects, which it sees as ...