- Second acquisition made by €340 million Foresight Energy Infrastructure Partners
- Operational plants increase Foresight’s European wind portfolio to 800MW
- Foresight has over 2.5GW of renewable generating capacity from its Solar, Wind and Bioenergy portfolios across Europe and Australia
LONDON, 24 August 2020: Foresight Group LLP (“Foresight”), the leading independent infrastructure and private equity investment manager, is pleased to announce the second investment made by Foresight Energy Infrastructure Partners (“FEIP”), into two operational wind farms located in the Castile and León region of Spain. The 27-turbine portfolio represents Foresight’s second acquisition from subsidiaries of wpd AG (“wpd”), one of Europe’s leading wind energy developers and operators, following the acquisition of a 50MW German wind portfolio in December 2018.
The wind farms were commissioned in Q4 2019 having been developed, financed and constructed by wpd and comprise 27 Siemens Gamesa Renewable Energy (“SGRE”) G-132 3.465MW wind turbine generators, with SGRE also providing long term O&M services. The portfolio additionally benefits from ongoing operational management services provided by wpd windmanager, a wholly-owned subsidiary of wpd. Revenues are underpinned by a 10-year, fixed price PPA with Statkraft, with further revenue protection resulting from participation in the second and third Spanish tender rounds of the Spanish support scheme for renewable energy.
