Swiss utility Axpo Holding AG said on Monday that it has sold its 46% stake in a 33-MW wind farm in Spain to London-based renewables investor Cubico Sustainable Investments.
The transaction was closed for an undisclosed price after it received the green light from the relevant authorities.
The wind farm in question, La Penuca, is located in the Spanish region of Castile and Leon. Axpo managed its 22 1.5-MW units of the NEG Micon NM72 turbines since they were commissioned in 2006, the company said. La Penuca’s annual production averaged some 98.4 GWh over the last six years, with an average annual availability of 97.9%.
Axpo said that it has set the target to develop 3 GW of wind and 10 GW of solar power plants internationally by 2030.
“To achieve this strategic goal, the company continuously reviews its options to redistribute wind and PV assets across Europe and divest selected plants and shareholdings,” Axpo added.
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