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Cubico acquires 67MW wind farm in Spain from Enerfin

CTBR Staff Writer Published 16 August 2016

Cubico Sustainable Investments along with its partner, Plenium Partners, has acquired a 67MW wind farm in Valencia, Spain from Elecnor's subsidiary Enerfin.

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.

Cubico EMEA Head David Swindin 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.”

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 EUR 2.5bn across Italy and Spain.

Source: Company Press Release