CIP and Forestalia to invest in 27 Spanish wind farms

Copenhagen Infrastructure Partners and Forestalia are to partner on a 1GW portfolio in Aragon, Spain

The wind farms will be built in Spain's Aragon region (pic: Falck Renewables)

Copenhagen Infrastructure Partners (CIP) and Forestalia have agreed to invest in a portfolio of 27 onshore wind farms. Of more than 1GW total capacity, they are planned for sites in Teruel, Aragon.

The projects have grid connection rights in place and Forestalia will continue to develop them until financial close and construction start is achieved. CIP will participate via its Copenhagen Infrastructure IV (CI-IV) energy infrastructure fund.

CIP and Forestalia have already successfully partnered on the 487MW Monegros portfolio, also in Aragon. The first of the 12 Monegros wind farms have commenced commercial operations and the remaining ones are set to follow in the coming months.

Christian Skakkebæk, CIP senior partner, said: “We have shown that Forestalia and CIP together have the right competencies to successfully deliver such projects, and we are convinced that, together with local and industrial partners, we will be delivering these wind farms to the highest standards.

Fernando Samper, Forestalia chairman said: “This new agreement with CIP guarantees very important investments for the province of Teruel, as the plants will create jobs in a territory that needs new opportunities for the future.

“Renewable energy has great importance for rural areas. Forestalia is developing its entire portfolio, of more than 6GW, together with top-level international partners. It’s very exciting to strengthen our alliance with CIP.”