Augusta & Co is pleased to announce the sale of a majority stake in a c.250MW portfolio of solar PV and onshore wind assets located across Spain, Portugal and Sweden to a fund managed by Victory Hill Capital Partners LLP, on behalf of SPAWER, a Spanish-based developer with a long track record in Iberia, the Nordics and Latin America.
The portfolio is expected to become fully operational by the end of 2025. SPAWER will manage construction and asset management as it transitions from a developer into an IPP.
Augusta & Co acted as the exclusive sell-side financial adviser to SPAWER.
SPAWER’s CEO commented: “Augusta’s support was essential in marketing and negotiating what became a complex transaction. We are grateful to have had them on board and value their commitment, professionalism and experience.”
Mortimer Menzel, Partner at Augusta & Co commented: “We are pleased to have assisted SPAWER in finding a long-term partner to continue its growth journey as an IPP. This transaction is another example of matching outstanding local developer expertise with international capital which we have been doing for over two decades. We are especially pleased for having assisted our clients here in what was a difficult market. We celebrate SPAWER’s accomplishment and Victory Hill’s first investment in continental Europe.”
Contacts:
Mortimer Menzel
MMenzel@augustaco.com
Frederico Pereira
FPereira@augustaco.com