Mario Senra, CFA
Norgestion
PARQUE EÓLICO LOS PEDREROS (owner of a 50Mw wind energy plant)
Deal Type
Company sale
Sector
Energy & Sustainability
Completion Date
25th June 2015
Deal Value
Not disclosed
Company Background
Operating wind energy plant with 50Mw installed capacity
Deal Summary
NORGESTION has completed the sale of the 40% stake in PARQUE EOLICO LOS PEDREROS owned by CATALUNYA CAIXA CAPITAL, the private equity subsidiary of CATALUNYA CAIXA, the Spanish bank now part of BBVA, to GECAL, the renewable energy company onwed by GAS NATURAL FENOSA.
PARQUE EOLICO LOS PEDREROS owns one wind energy plant located in Albacete (Spain) with a total installed capacity of 50Mw.
NORGESTION acted as exclusive sell side advisor for CATALUNYA CAIXA CAPITAL.
Value Added
Taking advantage of the current strong interest for operating renewable energy assets in Spain, once the Electric Sector Reform was announced by the Spanish Government in 2013 and the new remuneration regime for the renewable energy industry was established in 2014, NORGESTION organized and managed a wide auction process targeting around 50 potential buyers, both industrial and financial.
Closely working with CATALUNYA CAIXA CAPITAL, we long listed the potential candidates, defined the necessary content for the Offers, coordinated the vendors Due Diligence process, put the shortlisted candidates into competition and helped in the preparation of the legal documents to complete the transaction. All to finally succeed in making our client achieving its divestment goals, both in terms of price, deadline and transparency requirements.
PARQUE EÓLICO LOS PEDREROS (owner of a 50Mw wind energy plant) deal contacts
Key members of the Norgestion deal team crucial in the PARQUE EÓLICO LOS PEDREROS (owner of a 50Mw wind energy plant) transaction
