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Announced

Completed

InterEnergy and Grupo Popular completed the acquisition of Matafongo wind farm from INVERAVANTE for $61m.

Financials

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Transaction Value£44m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Alternative Fuels

Private

Acquisition

Majority

onshore wind farms

Friendly

Dominican Republic

Completed

Cross Border

Synopsis

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InterEnergy, an owner and operator of renewable energy assets, and Grupo Popular, a provider of a full range of commercial banking services, completed the acquisition of Matafongo wind farm from INVERAVANTE, a provider of diversified commercial services, for $61m. “As InterEnergy Group, we have a strong commitment towards guaranteeing our clients the availability of 100% renewable energy, contributing to the Sustainable Development Goals(SDGs). Such commitment was expressly made at the Clinton Global Initiative meetings in New York in 2005 and Rio de Janeiro in 2013. In 2015 the company launched the SER Initiative in Panama where in the company provides large clients with guaranteed 100% renewable energy, (wind, solar and hydro)," Rolando González Bunster, InterEnergy President.

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