Acciona Energía has reached an agreement to sell its majority stake in the Chiripa wind farm to its minority partner Ecoenergía, which previously held 35% of the project. The transaction values the asset at $80mn (€71.4mn) and is expected to close by the end of the year, subject to the necessary government and financial approvals.
Located in the province of Guanacaste in northwestern Costa Rica, the Chiripa wind farm has an installed capacity of 49.5 megawatts. Commissioned in 2015, the site operates under a long-term power purchase agreement within the BOT (Build, Operate and Transfer) model, under which infrastructure is handed over to the Costa Rican state at the end of the concession in 2033.
A project-financed asset structure
The initial development of the Chiripa wind farm was supported by project financing of $50mn (€44.6mn), reflecting the involvement of financial partners in its long-term operation model. The sale comes at a time when renewable energy markets in Latin America continue to draw interest from regional investors.
Ecoenergía, now the sole owner of the asset, already co-managed operations on site. The deal strengthens its local presence, with no announced changes to the contractual structure or supply commitments to the national electricity grid.
A new step in Acciona Energía’s asset rotation strategy
This transaction forms part of Acciona Energía’s broader asset rotation plan aimed at optimising its portfolio and unlocking liquidity. The company has recently completed several major divestments, including two hydroelectric portfolios in Spain — totalling 801 megawatts — sold to Elawan Energy and Endesa, as well as ongoing sales of 136 megawatts in Peru and 440 megawatts in Spain to Opdenergy.
These successive sales reflect the Spanish company’s intent to align its resources with expansion priorities and improved profitability. They also indicate a strategic refocus on markets with higher potential or better mid-term returns.
