Opdenergy Acquires 440 MW Wind Portfolio In Spain

In a significant move that underscores the ongoing transformation of Spain’s renewable energy landscape, Madrid-based independent power producer Opdenergy has signed a strategic agreement to acquire a 440 megawatt (MW) portfolio of operational wind farms from Acciona Energía. The transaction, valued at over €500 million ($543 million), is expected to be finalized by the end of the year, subject to regulatory approvals. This acquisition marks a major milestone for Opdenergy, expanding its operational renewable capacity to 2.4 gigawatts (GW) and further strengthening its position in the European clean energy sector.

The wind portfolio includes thirteen fully operational assets located across six Spanish provinces: Albacete, Cadiz, Cuenca, Lleida, Valencia, and Zamora. These projects have a proven track record of performance and will significantly enhance Opdenergy’s capacity and geographical footprint. The company’s strategy to acquire operating assets rather than solely focusing on greenfield development reflects a maturing approach to growth, focusing on immediate returns, operational stability, and risk mitigation.

With the addition of these assets, Opdenergy’s total operational capacity rises to 2.4 GW, of which approximately 80% is located in Europe and the United States. This international diversification is central to the company’s long-term strategy to position itself as a leading independent power producer in key global markets. The latest acquisition also aligns with Opdenergy’s ongoing objective to secure predictable and stable revenues. Over 75% of the company’s income is now backed by long-term Power Purchase Agreements (PPAs), which are critical for reducing exposure to market volatility and providing financial certainty to investors.

Luis Cid, Chief Executive Officer of Opdenergy, described the acquisition as a pivotal development in the company’s growth journey. “The integration of a portfolio of assets with a proven operational history is a key milestone for our growth strategy,” he said. His remarks were echoed by Tobías Martínez, Chairman of the Board, who emphasized the strategic importance of the transaction. “This transaction reinforces the operational strength and financial foundation of our business,” Martínez noted, underlining the transaction’s role in cementing Opdenergy’s financial and operational stability.

The deal is backed by Opdenergy’s majority shareholder, Antin Infrastructure Partners, a prominent European infrastructure investment firm. The acquisition not only includes the 440 MW wind portfolio but also comes with a 351 MWp pipeline of solar photovoltaic projects. These solar assets present an opportunity for hybridisation with the newly acquired wind assets, a move that could further boost efficiency, output, and grid stability. Hybrid renewable energy projects—those that combine solar and wind generation—are gaining traction in the industry for their ability to maximize energy production and optimize land use.

This development reflects a broader trend within the Spanish and European renewable energy sectors. Independent power producers like Opdenergy are increasingly pursuing multi-technology platforms, integrating wind, solar, and storage to enhance resilience, improve yields, and adapt to evolving energy market dynamics. This diversification is becoming essential as countries push to meet ambitious climate goals and ensure reliable, clean energy supply.

Spain, with its favorable regulatory environment and natural resources, has become a hotspot for such integrated renewable energy initiatives. The country is targeting a substantial share of renewables in its energy mix, and companies like Opdenergy are playing a vital role in making this vision a reality. By acquiring operational assets and combining them with development pipelines in solar energy, Opdenergy is reinforcing its competitive position and accelerating its contribution to the energy transition.

In addition to bolstering Opdenergy’s scale and capabilities, the acquisition reflects strong investor confidence in the renewable energy sector. The support from Antin Infrastructure Partners highlights the financial community’s growing interest in stable, long-term renewable assets. This trend is expected to continue as governments and institutional investors prioritize energy security, carbon neutrality, and sustainable growth.

Looking ahead, Opdenergy is well-positioned to leverage its enhanced portfolio to drive further growth and innovation. The company’s strategic focus on hybridisation and multi-technology platforms will be instrumental in navigating the evolving challenges and opportunities in the renewable energy landscape. With a reinforced operational base, robust financial backing, and a clear vision for expansion, Opdenergy is set to play an even more influential role in the global transition to clean energy.