The acquisition of the 51MW wind farm located in Cascante, Navarra, represents a further expansion of Exus’ renewable energy portfolio as it continues its transition towards independent power production.
- The agreement with Grupo Enhol is the first step in Exus’ broader strategy to consolidate its presence in the renewable energy sector.
- The acquisition of Grupo Enhol’s 51 MW wind farm in Cascante, Navarra, represents a further expansion of Exus’ renewable energy portfolio.
Madrid, Spain, May 7, 2024 – Exus Renewables, an independent power producer and asset management company specializing in the renewable energy sector, has announced the acquisition of the Cascante Wind Farm (51 MW) located in Cascante, Navarra, from the Spanish company Grupo Enhol, whose core business is focused on the renewable energy sector. PwC and the law firm Garrigues have acted as sales advisors to Grupo Enhol, while the law firm Uría Menéndez has advised Exus.
This acquisition represents another notable addition to Exus’ growing portfolio of renewable energy assets in Europe. The Cascante E.P., currently in RtB (ready to build) status, is expected to reach Commercial Operation Date (COD) in the third quarter of 2025. Thanks to its strategic location and favorable wind conditions, this project is poised to make a significant contribution to the region’s renewable energy capacity.
The agreement represents the first step in Exus’ broader strategy to consolidate its presence in the region’s renewable energy sector. This approach recognizes the relevance of fostering long-lasting relationships with partners such as Enhol and local communities.
Grupo Enhol’s significant support for initiatives in Navarra exemplifies the link between renewable energy progress and local support. Exus is committed to maintaining a strong and responsible presence, actively contributing to the well-being and long-term sustainability of neighboring communities.
Exus was attracted to the immense potential of Grupo Enhol’s project, the P.E. Cascante, and is committed to maximizing its value through innovative and forward-thinking approaches. Significant advantages of the project include the potential for photovoltaic hybridization, battery storage and advanced energy management solutions, leveraging the extensive experience of the combined Exus team, and working collaboratively to optimize performance and drive sustainable growth.
Victor Lopez, head of M&A at Exus Renewables, said, “This acquisition marks another milestone in Exus’ transition to independent power producer, further consolidating our position as a leading player in the renewable energy sector. As we continue to expand our portfolio and seize new opportunities, Exus remains dedicated to delivering clean and reliable energy solutions that contribute to a more sustainable future.”
Roberto Sabalza, CEO of Grupo Enhol Energy, added: “We are delighted to be working with Exus. Together, we recognize the great potential of this project. Exus marks an important step forward in its commitment to renewable energy initiatives in the region.”
About Grupo Enhol
www.grupoenhol.es
For more than 90 years, Grupo Enhol has been demonstrating in each new project, each new adventure, that we can transform industries, generating a deep, significant and real impact: the footprint of impact. Our commitment has led us to reinvent diverse sectors such as agriculture, healthy food, renewable energies and real estate.
Our way of doing things is guided by principles and values that give shape to a mission: to see in the needs of the community opportunities for our activity to improve lives; and a way of doing things: absolute care for people, relationships with our partners, reliability and responsibility in our daily activity.
