ACCIONA Energía has reached an agreement with independent energy producer Opdenergy – backed by private equity firm Antin Infrastructure Partners – for the sale of 440MW of wind assets in Spain, for an estimated €530 million.

The transaction is expected to be completed before the end of the year, following the necessary antitrust and foreign investment clearances, and will generate an estimated result of €190 million.

The portfolio comprises 13 wind farms in the provinces of Albacete, Cádiz, Cuenca, Lérida, Valencia and Zamora with an average age of 15 years.

The agreement also includes a portfolio of photovoltaic projects under development, totalling up to 351MWp, linked to the hybridization potential of the wind farms included in the deal.

The transaction forms part of ACCIONA Energía's asset rotation strategy, designed to enhance the value of its portfolio, strengthen its financial profile, and reinforce its leadership in the global renewable energy sector.

Recent milestones in the asset rotation program include the sale of two hydropower asset portfolios in Spain: 175MW to Elawan Energy and 626MW to Endesa. In addition, last month the company signed an agreement with Luz del Sur, one of Peru’s leading energy companies, for the sale of the 136MW San Juan de Marcona wind farm.

BNP Paribas and Baker McKenzie acted as financial and legal advisors, respectively, for the transaction.