AIMCo completes acquisition of majority stake in Eolia

Alberta Investment Management Corporation (AIMCo) has completed the purchase of over 90% stakes in Eolia Renovables de Inversiones from funds managed by Oaktree Capital Management, L.P. 

Eolia Renovables de Inversiones, S.C.R., S.A is a leading independent power producer in the Spanish renewable energy sector and was founded in 2007. Eolia Renovables focuses on the development, construction and operation of onshore wind farms and solar photovoltaic plants. The company currently has a portfolio of 38 assets with a net attributable capacity of c. 669 MW.

AIMCo was advised by RBC Capital Markets, Linklaters and Cuatrecasas.

Oaktree was advised by Cantor Fitzgerald and Perez Llorca.