Acciona Energía has completed the sale to Galp New Energies of a portfolio of operating wind assets in Spain with a total capacity of 361MW, for €432 million (equity value).
The portfolio consists of 15 wind farms in Navarre, Zaragoza, Ciudad Real, Palencia, Guadalajara, and Seville. The assets sold to the Portuguese company’s renewable energy division have an average operational age of 21 years.
The transaction was signed and closed simultaneously, with Acciona Energía receiving the full agreed amount at closing. The transaction is expected to generate an estimated capital gain of €255 million. Clifford Chance advised Galp, with a team led by Corporate/M&A partners Pablo Murcia and Luis Alonso. It was also announced that BNP Paribas and Baker McKenzie acted as financial and legal advisors, respectively, to Acciona Energía.
The sale represents a further step in Acciona Energía’s selective asset rotation strategy, aimed at maximizing the value of its projects and optimizing capital allocation, while strengthening the company’s financial position.
Since 2024, the company has reached agreements for the sale of more than 3 GW of renewable capacity in Spain, Peru, Costa Rica, South Africa, the United States and Mexico, for €3.7 billion.
Legal Advisors
Asesores de Galp New Energies
- Clifford Chance: Partners Pablo Murcia and Luis Alonso. Senior associate Juan Valcárcel and members of the Corporate/M&A team Conrado López, Xabier Olábarri, Juan Antonio Peces and Jaime Sánchez. Lawyers José Luis Zamarro, Mónica Romero, Eduardo Sánchez, Enrique Pais, Darío Buendía, Andrés Berral, Itziar Kraus, Miguel de Santos, Paula Abad, Jorge Martín-Fernández, Olga Albalá, María Begoña Barrantes, Carme Briera, Sara Selma and Luisa Morely.
