- Press Releases
February 21 (Renewables Now) - Spanish infrastructure builder Elecnor SA (BME:ENO) is looking for a financial partner to sell it a stake in its wind energy subsidiary Enerfin Sociedad de Energia SLU, the company announced in a bourse filing on Friday.
Elecnor would sell a “significant but not majority stake” in Enerfin, it said. Italian investment bank Mediobanca (BIT:MB) has been retained to serve as Elecnor’s financial advisor in the sales process, the brief filing states.
Enerfin has a stake in 1,227 MW of wind farms operating in Spain, Brazil and Canada, according to the firm’s website. Its pending projects are the 73-MW Woolsthorpe wind farm in Australia, in which it holds a 50% stake, and the 50-MW El Ahumado in Colombia. Both Woolsthorpe and El Ahumado have power purchase agreements (PPAs) in place, Enerfin says.