Cubico Sustainable Investments, a global leader in renewable energy and water investment, has announced that it has acquired, with its partner Plenium Partners, a 67 MW wind farm in Valencia (Spain) from Enerfin, one of Spain’s leading wind farm developers and operators and a subsidiary of Elecnor.
As a result of this acquisition, Cubico’s portfolio now comprises 30 assets located across eight countries, with a total gross capacity of approximately 2,000 MW installed across a breadth of technologies (wind, solar and water infrastructure).
The acquired wind farm is located in the municipality of Jarafuel in the Valencia region. The wind farm comprises 29 E-70 Enercon wind turbines and has been operational since 2009.
Plenium Partners holds a minority position in the asset and will act as asset manager. Plenium Partners is an independent operator and investor in the renewable energy sector and co-owns or manages a diversified operating portfolio of 1,175 MW of wind, solar PV, hydro and solar thermal assets with a market value of more than €2.5 billion (US$2.8 billion) across Italy and Spain.
David Swindin, Head of EMEA at Cubico said:
“This acquisition adds to our growing portfolio of renewable energy assets and marks our re-entry into the Spanish renewable market. Cubico is excited about the opportunities in Spain and we are looking to grow our assets in the country”.