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Wind project in Northern Spain

CIP has through its fund CI III acquired the 374 MW onshore wind portfolio Monegros in Aragon, Spain, and has commenced construction of the first projects totalling 113 MW.

The Monegros portfolio consists of nine individual projects with a total capacity of 374 MW comprising 99 wind turbines from GE Renewable Energy (GE 3.8-130 and GE 3.4-130).

The entire portfolio will be financed with 100 per cent of equity from CI-III with an expected total equity investment of more than EUR 350m and the project is expected to commence commercial operation in H1 2020.