The wind farms are spread across various regions Spain, and have a combined installed capacity of 422 MW. They were commissioned between 2005 and 2012. The portfolio also includes a 435 MW hybrid solar PV, which is being developed by AGR-AM, Ardian’s renewable asset manager in Spain and Latin America.
Completion of the deal is expected in July 2023, subject to Naturgy receiving approvals from the relevant authorities.
Juan Angoitia, Co-head of Ardian Infrastructure Europe said: “This transaction marks a milestone moment for Ardian’s infrastructure strategy. Our team is now a pioneer in Spain in developing wind-solar hybrid systems, optimising their production capacity and improving their industrial value. We will continue to develop our remaining 1 GW portfolio with AGR-AM and continue to create value.”