Opdenergy, an independent renewable energy producer based in Madrid, has entered into an agreement to acquire a portfolio of 440 MW of operational wind assets from Acciona Energía. This transaction, valued at over €500mn ($543mn), involves thirteen wind farms located in the provinces of Albacete, Cadiz, Cuenca, Lleida, Valencia, and Zamora. Completion of the deal remains subject to approval from the relevant authorities and is expected before the end of the year.
Portfolio strengthening and revenue security
With this acquisition, Opdenergy’s operational capacity will reach 2.4 GW, 80% of which is located in Europe and the United States. More than 75% of the company’s revenue is now secured through long-term Power Purchase Agreements (PPA), enhancing the group’s financial stability. The transaction also includes a portfolio of photovoltaic solar projects under development representing up to 351 MWp, which could potentially be hybridised with the acquired wind assets.
Opdenergy’s majority shareholder, Antin Infrastructure Partners, supports this asset diversification strategy, enabling the company to expand its presence in strategic markets. The integration of these high-yield operational assets with further optimisation potential aligns with a long-term development strategy.
Outlook for the Spanish and European market
The transaction illustrates the current trend of major asset transfers in the renewable energy sector in Spain. It confirms the growing interest of independent producers in building multi-technology portfolios and securing long-term revenues. The acquired wind farms are expected to enable Opdenergy to optimise its operations and continue its ambitions in the European market.
Luis Cid, Chief Executive Officer of Opdenergy, highlighted the importance of integrating a portfolio of assets with a proven operational history, while Chairman of the Board, Tobías Martínez, emphasised the operational strength and financial stability provided by the deal. This move could prompt other players in the sector to engage in similar transactions to support their growth in competitive markets.
