Watson Farley & Williams (“WFW”) has advised Ventient Energy (“Ventient”) in relation to the acquisition of five operational onshore wind plants with a total installed capacity of circa 203 MW and the development of circa 240 MW hybrid photovoltaic plants which will be built on Ventient’s onshore sites. The portfolio is located in Palencia and Valladolid, Spain.
Ventient Energy, Europe’s largest independent onshore wind power generator, owns and operates assets across Belgium, France, Germany, Portugal, Spain and the United Kingdom with a current total installed capacity of 2.6 GW. This acquisition will bring its onshore wind installed capacity to 2.8 GW, increase its five-year renewable energy build programme, strengthen regional relations, and further growth opportunities for business within the renewable energy landscape.
The Corporate WFW Madrid team that advised Ventient on the transaction was led by Madrid Office Head and Partner María Pilar García Guijarro, working closely with Senior Associates Javier Ruffín and Juan Area Díaz de Atauri and Associate Borja Gavilá.
María Pilar commented: “It is a pleasure to advise Ventient in their expansion of their energy business. We look forward to continuing to advise and assist them and help realise their plans to become a ESG leader in the sector. This transaction, which combines onshore wind projects under operation with hybridised solar projects under development, consolidates our renewables specialist team’s reputation as the leader in the Spanish market and further strengthens our relationship with the sector key players”.