Cubico Sustainable Investments, a global provider in renewable energy and water investment, and its partner Plenium Partners, has acquired, a 67-MW wind farm in Valencia from Enerfin, one of Spain’s leading wind-farm developers and operators and a subsidiary of Elecnor.
The wind farm comprises 29 E-70 Enercon turbines, and has been operational since 2009. It is located in the municipality of Jarafuel in the Valencia region.
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).
“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,” said David Swindin, Head of EMEA at Cubico.
Cubico’s partner, 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 2.5 bn across Italy and Spain.
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