AIP provides merchant financing to a portfolio of onshore wind proejcts in Finland AIP Management, on behalf of AIP Infrastructure II, is pleased to announce a EUR 135m financing of a portfolio of four onshore wind farms in Finland with a total capacity of 131.8…
AIP provides merchant financing to a portfolio of four onshore wind projects in Spain
AIP Management, on behalf of AIP Infrastructure II, is pleased to announce a EUR 136m financing for a portfolio of four onshore wind farms, adding 139.2 MW, located in Spain, with long term debt instrument designed for fully merchant and compatible with other revenue schemes.
“After our recent office opening in Madrid, we are very pleased to be making this first investment in the Spanish market in partnership with a highly reputable and experienced partner like Enerfin. We are very excited for the future as Spain is an attractive market where we have a strategic focus for deploying capital for renewable energy projects through our flexible financing instrument.” says Kasper Hansen, Managing Partner of AIP.
Enerfin, the renewable power subsidiary of Elecnor Group, is the project developer, 100% equity owner and project manager during both construction and operations. The project is at a construction-ready stage with a tier-1 turbine supplier who are also providing a long-term O&M agreement. The wind farm will have a total expected production of c. 431 GWh per year which will produce enough electricity to supply the equivalent of around 100,000 Danish households and will offset the equivalent of 32,000 tonnes of carbon dioxide during each year of operation. Construction is expected to start in June 2022 with the project expected to reach commercial operation in October 2023.
About AIP Management
AIP Management is a Danish investment manager dedicated to investing into energy and infrastructure assets in Europe and the US. To date, AIP has invested more than EUR 6 billion primarily in assets that contribute to the green transition, including seven European offshore wind farms, five onshore wind farms in Europe and the US, and four large solar power plants in California and Texas. The existing investments deliver sustainable energy to cover the equivalent of over 2.2 million households’ consumption and save more than 3 million tonnes of CO2 on an annual basis. For more information, please visit www.aipmanagement.dk
Enerfin, founded in 1997, the renewables power subsidiary of Elecnor Group, one of Spain’s leading engineering and construction groups. Enerfin promotes, develops, builds and operates wind energy investment projects, both in Spain and abroad.
Enerfín has a stake in 1,227 MW of wind energy in operation in Spain, Brazil and Canada, with a production of more than 3,500 GWh/year, capable of supplying more than 1.5 million homes and avoiding the emission of 656,000 tonnes of CO2 into the atmosphere.