Germany-based RWE Innogy, through its Spanish subsidiary Agrupacio Energias Renovables, has acquired a 23.75% stake in the Spanish wind farm operator, Explotaciones Eolicas de Aldehuelas.
With this acquisition, RWE Innogy has increased its overall share in Explotaciones Eolicas de Aldehuelas to 45%.
According to the company, Explotaciones Eolicas de Aldehuelas operates a wind farm with an installed capacity of 47.2MW in the Spanish province of Castile-Leon near the city of Soria. RWE Innogy is acquiring shares owned by the Madrid-based wind farm developer, Preneal.
The Las Aldehuelas wind farm comprises a total of 59 wind turbines of the 800kW class built by the Spanish manufacturer, Gamesa. The wind farm came on stream in 2005 and has since been supplying electricity to an equivalent of 30,000 households every year, claims the company.
Kevin McCullough, RWE Innogy’s COO, said: “We will seek to expand further over the next few years by acquiring existing plants and promoting organic growth in the Spanish market.”
RWE claims to be one of Europe’s five largest utilities. The company is active in the generation and transmission as well as the sale and trading of electricity and gas. It is also engaged in water business in Continental Europe.