F2i and Crédit Agricole Assurances to acquire wind farms portfolio from Villar Mir Group.

F2i, an infrastructure fund, and Crédit Agricole Assurances, a provider of insurance services, agreed to acquire wind farms portfolio from Villar Mir Group, a firm that focuses on fertilizers, alloy manufacturing, construction, real estate, energy, concrete manufacturing, clothing, and oil sectors. Financial terms were not disclosed. “With this transaction, F2i Sgr takes an important step towards consolidation in the renewable energy market in Spain, where the Fund has been active since 2019 with the photovoltaic operator Renovalia. The acquisition of Villar Mir's wind farms complements the solar power activities in one of the most promising renewable energy markets in Europe and lays the foundations for a European renewable asset portfolio, which is increasingly strategic in the current macroeconomic and geopolitical context," Renato Ravanelli, F2i CEO.