Acofi Gestion is planning to participate in financing the construction of a portfolio of Spanish wind power assets with a total capacity of 74 megawatts, via its Predirec EnR 2 debt fund.
The mezzanine loan, in the amount of €21 million ($24 million) in co-investment, is backed by unsubsidized and non-contracted assets located in Spain. This marks the extension of Acofi’s operations in Europe.
This loan will finance part of the equity injected to build the Eolo MOC I portfolio. This consists of five onshore wind farms located in Galicia with a total capacity of 74 megawatts. One of these farms benefits from a state-guaranteed floor price, while energy produced by the remainder will be sold entirely on the wholesale electricity market. In the long term, the electricity generated by this portfolio will supply 52,000 homes while making it possible to save 154,000 metric tons of carbon dioxide per year.
The Eolo MOC I portfolio is wholly owned by the Spanish gro
