Watson Farley & Williams advised Copenhagen Infrastructure Partners on the deal.
Copenhagen Infrastructure Partners sold a 49% stake in the 487 MW Monegros Spanish onshore wind portfolio to a fund managed by Arjun Infrastructure Partners.
The portfolio comprises 12 wind farms located in Aragon, North-Eastern Spain and is part of CIP’s €3.5bn Copenhagen Infrastructure III K/S (CI-III) energy infrastructure fund. Following the closing of the transaction, which is subject to customary conditions, CIP will remain controlling shareholder and operator of the portfolio. The power output from the portfolio has been contracted under a long-term PPA and, in July 2020, a consortium of six banks committed a debt package of c. €380m available for drawdown once the wind farms reach commercial operations date (COD).
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