London-headquartered Cubico Sustainable Investments has acquired a 67 MW wind farm in Valencia, Spain, from Enerfin, a Spanish wind farm developer and operator.
As a result of the acquisition, Cubico’s portfolio (wind, solar and water infrastructure) now comprises 30 assets totaling approximately 2 GW across eight countries.
The wind farm, located in the municipality of Jarafuel, comprises 29 E-70 Enercon turbines and has been operational since 2009.
“This acquisition adds to our growing portfolio of renewable energy assets and marks our re-entry into the Spanish renewable market,” states David Swindin, Cubico’s head of the Europe, Middle East and Africa region at Cubico. “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.