Foresight Energy Infrastructure Partners (FEIP) has acquired two operational wind farms totalling 94MW in the in the Castile and Leon region of Spain.
The wind farms were commissioned in the last quarter of 2019 having been developed, financed and constructed by WPD.
The 27-turbine portfolio is Foresight’s second acquisition from WPD, following the acquisition of a 50MW German wind portfolio in December 2018.
Both wind farms feature Siemens Gamesa G-132 3.465MW wind turbine generators, with the manufacturer also provide long-term operations and maintenance services.
WPD Windmanager, a wholly-owned subsidiary of WPD, will continue to provide long-term operational management services.
Revenues are underpinned by a 10-year, fixed price power purchase agreement 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.
Foresight now has wind assets under management totalling 800MW.
FEIP recently secured third party EU taxonomy validation for its 231MW Skaftasen windfarm in central Sweden, and it is intended that all FEIP investments ultimately comply with EU Taxonomy rules.
FEIP co-manager and Foresight Group partner Richard Thompson said: “We are delighted to have completed this significant addition to our portfolio which delivers geographic diversification and secure revenue streams for our investors.
“We plan to secure independent EU Taxonomy verification for this portfolio which will make a visible contribution to the EU’s goal of Net Zero by 2050.”
Foresight is working towards a second close for FEIP which it said is on target for €500m.