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New Deal


Announced

China Three Gorges to acquire Windrose Renewables from Korys, Exus, Masaveu, Boreas and Otira.

Financials

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

Tags

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Alternative Fuels

Cross Border

Private

Single Bidder

Majority

Friendly

Pending

Spain

Private Equity

Acquisition

onshore wind

Synopsis

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China Three Gorges, a clean energy group in China, agreed to acquire Windrose Renewables, an onshore wind portfolio representing over 330 MW located in Spain, from Korys, Exus, Masaveu, Boreas and Otira. Financial terms were not disclosed. The deal confirms the attractiveness of the Spanish energy market, the quality of the underlying assets and the consistency of the current Spanish legal framework.

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