ACCIÓNA sells 361MW portfolio of Spanish wind farms to Galp
ACCIÓNA Energía has completed the sale of its 361MW portfolio of operational wind farms in Spain to Galp New Energies for €432 million ($491.2m). The assets, located across six provinces and with an average operating age of 21 years, are expected to generate around 800 gigawatt-hours annually on a merchant basis. The transaction supports Galp's strategy to explore partnerships and alternative financing structures in the Iberian power market. Post-acquisition, Galp’s renewable capacity will rise to 2.7GW, with wind accounting for about 30%. For ACCIÓNA, this deal is expected to yield a capital gain of approximately €255 million as part of its asset rotation strategy. Since early 2024, the company has sold over 3GW of renewable capacity across multiple countries, totaling €3.7 billion in value.
Topics: divestment renewable energy wind farms