Korys, alongside Spanish family corporation Masaveu, acquires the Spanish onshore wind portfolio Borawind from Bridgepoint
Korys, together with Corporación Masaveu, a group of Portuguese investors and Exus Management Partners, acquired Borawind before the summer, a 330 MW onshore wind portfolio previously belonging to Bridgepoint.
This portfolio of two operational assets (La Boga, 280.5 MW and Marmellar, 49.5 MW), made of 8 wind farms, is located in the region of Burgos, North of Madrid. It will be managed by Exus Management Partners.
With this investment, Korys complements the strategic mix of its renewable energy portfolio. Our current portfolio now includes Parkwind, a company active in offshore wind with a significant stake in 3 Belgian windfarms, Eurowatt, a company essentially active in onshore wind with assets in France (predominantly), Spain, Portugal and Poland and a participation in Voltalia, a listed renewable energy company active in France and emerging markets, currently for the most part in Brazil. This latest investment brings our total exposure to renewable energy production capacity to around 1.5 GW (gross).
About Masaveu Corporación
Corporación Masaveu is a family-owned business group with strong international presence establishment in 1840. The company has a long track record of highly successful investments and divestments and a wealth of experience in holding satisfactory, long-term relationships with business associates. The group focuses its interests mainly in the banking sector, with important stakes in Bankinter, Santander and Liberbank, and also in the energy field, with a significant shareholding in EDP. Next to that, it also invest in industries (e.g. cements, quarries, transport), wineries, real estate, medicine and arts.
About Exus Management Partners
Exus Management Partners is an independent investment and asset management boutique firm with more than 20 years of experience focused on the renewable energy sector (wind, photovoltaic and small hydro). They combine comprehensive financial, technical and operational know-how which ensures turn-key investment solutions developed along two lines: (i) Origination and structuring of equity, debt or hybrid investments; and (ii) Fully integrated management and operation of renewable energy assets.