Equitix acquires majority stake in Canales Sur wind farm and hybrid renewable energy projects in Spain

Equitix and its partners completed the majority acquisition of the Canales Sur wind farm in Palencia, Spain, a 91-megawatt project with potential expansion to 120 megawatts. The transaction includes under-development solar photovoltaic and battery storage hybridization projects, forming part of a 1-gigawatt pipeline of hybrid renewable energy projects secured under a framework agreement with Capital Energy. The platform has now acquired 50% of the planned installed capacity of the pipeline, marking a material milestone in Equitix’s European hybrid energy systems strategy. Construction is expected to generate over 1,600 direct jobs at peak, with a focus on local workforce and supply chain participation. The project includes a turbine supply and long-term maintenance agreement with Nordex and balance of plant, substation, and evacuation infrastructure contracts with Eiffage.

Counterparts (4)

Seller

C

Capital Energy

company · 1 deals

Capital Energy is a Spanish renewable energy company dedicated to the development, construction, and operation of large-scale wind and solar photovoltaic projects. The company's strategy focuses on driving the energy transition in the Iberian Peninsula by leveraging its extensive project pipeline and securing project financing.

Buyer

Equitix

company · 4 deals

London-based infrastructure investment, development and fund management firm with $13.8B AUM and 200+ employees. Invests in and actively manages 300+ assets across 24 countries in social infrastructure, transport, renewable power, environmental services, network utilities and data infrastructure.

supplier

Eiffage

company · 2 deals

Leading European construction and concessions group, Eiffage reported €21.8 billion revenue in 2023, primarily operating in France and Europe. The company specializes in civil engineering, building construction, energy systems, and managing infrastructure concessions including motorways (APRR) and airports.

Nordex Group

company · 16 deals

The Nordex Group is one of the world’s largest wind turbine manufacturers. They offer high-yield, cost-efficient wind turbines that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.