CIP divests 49% minority stake in 487 MW Monegros wind portfolio in Aragon

Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure III K/S (CI-III), has entered into an agreement to divest a 49% stake in the Monegros onshore wind portfolio to a fund managed by Arjun Infrastructure Partners.

The Monegros portfolio consists of 12 onshore wind farms with a total installed capacity of 487 MW located in Aragon, Spain. Monegros is part of Copenhagen Infrastructure III K/S (CI-III).

Following closing of the transaction, CI-III will remain controlling shareholder and operator of the Monegros portfolio.

The transaction is subject to customary closing conditions and will become effective once the entire portfolio has entered into commercial operations; CI-III will continue to fund the remaining construction cost of the Monegros portfolio. Watson Farley & Williams and FIH Partners advised CIP on the transaction. White & Case and Evercore advised Arjun.