DIF Capital Partners closes investment in 50 MW Cerro Grande wind project in Sierra de los Rios
DIF Capital Partners (DIF), through its DIF Infrastructure V, has closed the 100% acquisition of the 50 MW Cerro Grande wind farm in Uruguay from Enercon and eab New Energy.
The project, comprising 22 turbines, has been operational since January 2018 and benefits from a 20-year power purchase agreement with UTE, Uruguay’s state-owned utility. The project will continue to be maintained by Enercon under a long-term agreement and asset management services continue to be delivered by SEG Heliotec.
DIF has been advised by Voltiq (financial), Hughes & Hughes and Gómez-Acebo & Pombo (legal), DNV GL (technical), KPMG (tax) and Mazars (model audit). Enercon was advised by Ficus Capital.
Country updates
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November 19, 2019
Uruguay commissions 500 kV Melo - Tacuarembó transmission line
The National Administration of Electric Power Plants and Transmissions (Administracion Nacional de Usinas y Trasmisiones Electricas) of Uruguay has commissioned the 500kV extra-high voltage (EHV)...
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April 17, 2019
TerraForm launches refinancing for Carape I & II wind projects
TerraForm Power has launched the refinancing of its 95 MW Carape I and II wind farms located in Uruguay. The facility consists of 31 Vestas V112 3.075 MW wind turbines with...
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January 09, 2019
Enel Green Power divests Uruguayan subsidiary to Atlantica Yield
Enel Green Power S.p.A. (EGP) has announced that it has closed the sale of its fully-owned subsidiary Enel Green Power Uruguay S.A. to Atlantica Yield for around US$120 million.
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July 03, 2018
Atlas closed financing for El Naranjal and Del Litoral solar projects
Atlas Renewable Energy, backed by private equity investor Actis, has closed the USD 114.4 million long-term financing for its two solar projects. The facilities involved are: 54 MWp El Naranjal...
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February 05, 2018
Terna has secured $81 million financing for the construction of the 500 kV transmission line project
