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					</table><p>Global private investment firm <a href="https://www.ardian.com/" target="_blank" rel="noopener">Ardian</a> has agreed to sell its renewable portfolio, comprising 12 wind farms of 422 MW and hybrid photovoltaic projects of 435 MW, to Spain-based energy group <a href="https://www.naturgy.com/en/home" target="_blank" rel="noopener">Naturgy</a>.</p>
<p>The wind farms were commissioned between 2005 and 2012 in different regions across Spain.</p>
<p>The hybrid photovoltaic farms are currently being developed as part of a project in Spain, maximizing the quality of connection points and stabilizing the energy production of the assets once hybridized.</p>
<p>The company used the ASR Wind platform to manage other renewable energy projects of 1 GW capacity spread across Spain and Italy, which are not a part of this transaction.</p>
<p>Co-Head of Infrastructure Europe, Ardian, Juan Angoitia, said, “This transaction marks a milestone moment for Ardian’s Infrastructure strategy. Our team is now a pioneer in Spain in developing wind-solar hybrid systems, optimizing their production capacity, and improving their industrial value. Furthermore, we will continue to develop our remaining 1GW portfolio with AGR-AM and continue to create value.”</p>
<p>Ardian will drive several other value-creating initiatives in Spain, including hybridizing wind assets with solar photovoltaic power generation systems led by AGR-AM, the renewable asset manager dedicated exclusively to Ardian&#8217;s portfolio in Spain and Latin America.</p>
<p>Ardian acquired 95% of the ASR Wind portfolio in 2019, representing the first investment of its fifth-generation fund, Ardian Infrastructure Fund V. The remaining percentage is held by Exus Management Partners, which will also exit the company&#8217;s ownership following the transaction.</p>
<p>The transaction&#8217;s closing is scheduled for the end of July, subject to Naturgy receiving approval from relevant authorities.</p>
<p>In July last year, Ardian Clean Energy Evergreen Fund <a href="https://www.mercomindia.com/project-finance-brief-opdenergy-secures-financing-solar-projects" target="_blank" rel="noopener">acquired</a> a 100 MW solar portfolio under development in Sardinia, Italy, from Atlas and Heron Advisory.</p>
<p>In October 2022, Ardian and FiveT Hydrogen’s joint venture company Hy24 <a href="https://www.mercomindia.com/hy24-e2-billion-scale-hydrogen-technologies" target="_blank" rel="noopener">announced</a> closing its first impact fund — Clean H2 Infra Fund — at €2 billion (~$2.18 billion) of allocations, aiming to help scale proven hydrogen technologies.</p>
<p>Over 2.6 GW of rooftop solar capacity was <a href="https://www.mercomindia.com/spain-rooftop-solar-capacity-2022" target="_blank" rel="noopener">installed</a> in Spain last year, according to the annual report published by Spain&#8217;s Association of Renewable Energy Companies.</p>
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<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
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Investment Firm Ardian to Sell 857 MW Renewable Portfolio to Naturgy

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