Ventient Energy has confirmed that it has taken a 49% stake in a 998MW portfolio of wind farms in Belgium, France, Portugal and Spain.
The sale of the 56 projects by Vortex Energy was first announced in December last year, with the buyer then described as an institutional investor advised by JP Morgan Asset Management.
Ventient Energy is JP Morgan’s European wind energy platform.
EDP Renewables will co-own the wind farms with Ventient.
The confirmation came on the same day that Ventient opened a new headquarters in Scotland.
Ventient chief executive Mark Jones (pictured) said: “Ventient Energy is already one of the UK’s biggest onshore wind owner-operators.
“Through this ground-breaking step into continental Europe with one of the world’s primary renewable energy groups, we are embarking on the first of our significant growth steps we see ahead of us.
“Our new Edinburgh headquarters are the ideal base to drive this expansion and to deliver stable, long-term return for the funds which support us. We will be looking to grow the team in the months ahead.”