July 27, 2021

The Canadian fund AIMCo acquires Eolia for about 1,400 million euros

The Canadian fund AIMCo acquires Eolia for about 1,400 million euros


MadridUpdated:

The Canadian giant Alberta Investment Management Corporation (AIMCo) has reached an agreement with Oaktree Capital, majority shareholder of Eolia, to acquire this renewable energy company for about 1,400 million euros.

As "Expansion" advances, that amount includes the 800 million euros of debt of the company.

The operation comes at a time when the Spanish government has confirmed its strategy for the energy transition, which foresees the installation of some 60,000 megawatts (MW) new renewable until 2040.

Since its establishment in 2007, Eolia Renovables has managed to position itself as one of the main independent promoters of renewable energies in Spain. To achieve this objective, Eolia Renovables has followed a consistent strategy to position itself as the independent financial partner of medium-sized promoters of renewable energies (between 50 and 300 MW).

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