Ventient Energy has signed a purchase agreement to acquire Portuguese onshore wind operator Iberwind.
The purchase will add 31 wind farms, more than 320 wind turbines, with 726 MW of installed capacity and future growth opportunities to Ventient’s portfolio.
The addition of Iberwind will bring its installed capacity to 2556MW, cementing its position as one of Europe’s leading onshore wind companies.
The agreement reached with Iberwind’s owners, CK Infrastructure Holdings Limited and Power Assets Holdings Limited, is the latest move in the consistent and successful M&A strategy of Ventient Energy.
The sale is expected to conclude later this year, subject to regulatory approval.
Ventient currently owns and operates assets across Belgium, France, Germany, Portugal, Spain and the UK, including four wind farms in Portugal.
Ventient Energy CEO, Mark Jones said: “Iberwind is one of Portugal’s leading wind energy companies, and a clear strategic fit with our existing business across Europe.
“We are very excited to welcome the highly experienced Iberwind team to Ventient.
“We believe the combined team will form a powerful organization whilst extending our sustainable growth ambitions and our mission to help secure the planet’s future through renewable energy.”
“After two months of intensive work, the operation was successfully achieved, joining the wishes of those who wanted to sell with the wishes of those who wanted to buy.”
Iberwind CEO, Arnaldo Navarro Machado added: “For Iberwind, the new future starts now, aiming for a quick integration, which will allow us to soon contribute to the future success of Ventient.”