Ventient Energy aquires Portugal's Iberwind

Posté le 4 sept. 2020

Ventient Energy, the second-largest non-utility generator of onshore wind energy in Europe, has completed the acquisition of Portuguese renewable energy company Iberwind and its subsidiaries.

Iberwind has a portfolio of 31 wind farms with a total installed capacity of 726 megawatts.

 

The vendors were CK Infrastructure Holdings and Power Assets Holdings.

 

This deal bolsters Ventient Energy’s position as a leading player in Europe’s renewable energy market by adding to the 103 units it already owns and operates across Europe with an installed capacity of 1.9 gigawatts.

 

Iberwind, which has more than 300 wind turbine generators, produces roughly 15 per cent of the annual wind energy generated in Portugal and around 3 per cent of the electricity used in the country.

 

CK Infrastructure Holdings and Power Assets Holdings acquired Iberwind in 2015 from a fund managed by Spanish private equity firm Magnum Capital.

 

The closing of the transaction is dependent on clearance from the Portuguese Competition Authority.

 

Iberwind CEO, Arnaldo Navarro Machado said: “After two months of intensive work, the operation was successfully achieved, joining the wishes of those who wanted to sell with the wishes of those who wanted to buy. For Iberwind, the new future starts now, aiming for a quick integration, which will allow us to soon contribute to the future success of Ventient” 

 

Meanwhile, Ventient Energy CEO, Mark Jones commented: “Iberwind is one of Portugal’s leading wind energy companies, and a clear strategic fit with our existing business across Europe. We are very excited to welcome the highly experienced Iberwind team to Ventient. We believe the combined team will form a powerful organization whilst extending our sustainable growth ambitions and our mission to help secure the planet’s future through renewable energy.”

 

Cuatrecasas advised Ventient Energy on the deal. The team included Francisco Santos Costa, Duarte Abecasis, Lourenço Vilhena de Freitas, Manuel Requicha Ferreira and Sara Quaresma. Also involved were: Telma Carvalho, Margarida Leal de Oliveira, Ana Sofia Silva, Miguel Lencastre Monteiro, Francisco de Almeida Viegas, João Sequeira Sena and Gonçalo Nogueira.