Naturgy to acquire Ardian’s 422 MW wind farm portfolio

• 1 year, 6 months ago (2023-05-18)
• David Flin

Europe 1089 Wind 257

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The Spanish renewable energy group Naturgy will acquire ASR Wind, a portfolio of 12 wind farms, from private investment house Ardian for an unspecified sum.

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.”