UK private equity firm Bridgepoint has announced it will acquire wind energy assets from listed Spanish construction conglomerate ACS, in a deal which will value the portfolio at €596.5m.
The 11 wind farms on the elevated plain of Castilla Leon is the largest independent platform of wind assets in the country, with 443MW of installed capacity.
The wind sector in Spain has achieved CAGR of 15 per cent since 2005, and in 2010 alone provided over 16 per cent of total electricity generation in the country.
Growth is forecast to continue, with government long-term energy planning envisaging an increase in wind capacity of nearly 15GW by 2020.
'This is a strong platform of wind operating plants in a strategic industry with attractive growth prospects,' said Felipe Moreno at Bridgepoint, Madrid.