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Onex Renewable closes acquisition of 221mw Portuguese wind portfolio

Onex Renewables (Onex), low-carbon subsidiary of privately led infrastructure investment group Onex Holding, has confirmed the closing of a 221MW Portuguese wind portfolio transaction.

Onex has appointed Exus Management Partners (Exus), leading experts in powering sustainable investments through operational excellence – across a 9GW global portfolio – to deliver expert support and strategic advice in the sourcing, structuring and execution of the deal, including the syndication process and financing provided by Banco Santander. 

Previously owned by EDP Renewables, the portfolio consists of five wind projects and comes with an 18-year PPA attached. Announced in July 2021, the conditions precedent have been verified and financial closing has now taken place. With Cuatrecasas Law Firm acting as legal advisor to Onex, it represents Onex Renewables’ first step into the Iberian market.

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