Denmark's AIP bankrolls 139 MW of Enerfin's wind projects in Spain
Faro Farelo wind farm in Galicia, Spain. Source: Elecnor
Spanish wind energy outfit Enerfin has secured a EUR-136-million (USD 139.3m) loan to finance construction of four wind farms in the region of Navarre, northern Spain, its parent company has announced.
Denmark’s AIP Management, through its fund AIP Infrastructure II, extended a long-term debt instrument that is fully compatible with other sources of financing provided to Enerfin.
Enerfin’s owner, Spanish infrastructure builder Elecnor SA (BME:ENO), said that the four wind farm projects will add a total of 139.2 MW of new capacity.
The wind farms will generate some 431 GWh per year once they start spinning, which Elecnor expects to see in October 2023.
For AIP Management, the transaction represents its first investment in the Spanish market after the recent opening of an office in Madrid, Kasper Hansen, Managing Partner of AIP, was quoted as saying in the press release.
Elecnor says Enerfin is currently developing 8.4 GW of new solar and wind power projects in Spain, Brazil, Canada, Colombia, Australia, Mexico, Chile, Argentina and sub-Saharan Africa.
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