Peak Wind has secured the full scope asset management contract for Copenhagen Infrastructure Partner’s (CIP) 487MW Monegros onshore wind portfolio in Aragon, Spain.
Under the agreement Peak Wind will be providing technical, operational, commercial, and financial asset management services for five years to 12 onshore wind farms with extension options, throughout the operational phase of Monegros onshore wind farms.
Peak Wind has secured the full scope asset management throughout the 20 years lifetime of Monegros onshore wind portfolio.
Since taking the first of the 12 wind farms into operations in 2020, Peak Wind has been the operator on behalf of the asset owners CIP.
In end of June 2021, the last turbines are expected to be fully taken into operations.
CIP senior partner Christian Skakkebæk said: “We have been working with PEAK Wind on numerous wind projects, where they have been demonstrating a great ability in planning, managing and operating our assets.
“We are confident that Monegros will continuously deliver reliable and clean wind energy to the Spanish consumers in the future.”
The scope of the agreement includes the management of HSE, service providers, financial management, asset integrity, energy management, environmental & waste management, and performance reporting, among others, throughout the entire operational phase of the windfarm.
Furthermore, Peak Wind also supported CIP in the divestment of a 49% stake in the Monegros onshore wind portfolio to a fund managed by Arjun Infrastructure Partners, announced earlier this year.
Peak Wind co-founder and head of asset management Denis Nørnberg Andersen said: “Peak Wind has strong global and local teams that have deep experience with managing and executing on the operational plan of wind farms.
“Therefore, we are well-equipped to deliver on the asset owners’ business case with high degree of certainty and predictability.”
Monegros is part of Copenhagen Infrastructure III K/S (CI-III), a €3.5bn energy infrastructure fund managed by CIP.
When in full operation, the portfolio is expected to generate approximately 1.5 TWh of renewable power annually, sufficient to meet the demand of around 430,000 Spanish households.