Financier CVC DIF has finalised the marketing of a 170MW operational wind portfolio in Uruguay.
The sale of the Cerro Grande and Peralta wind farm projects to Pluspetrol was accomplished by the funds of investor’s DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI).
Consisting of the 72 Enercon E-92 turbines, the portfolio illustrates the second largest private portfolio in Uruguay for renewable assets.
DIF V in 2019 attained the Cerro Grande, which is a 52MW operational wind farm project.
Moreover, DIF VI in 2021 obtained a 118MW operational wind farm named Peralta.
During its possession, CVC DIF flourishingly optimised operations at both sites, which includes distributing a project to elevate all 50 towers at the Peralta site during a span of 18 months.
Partner and Head of Exits at CVC DIF, Andrew Freeman, stated that, “We are excited to announce our first divestments in Latin America, marking a significant achievement for DIF V and DIF VI. These successful exits highlight the impact our proactive value creation approach can deliver. CVC DIF continues to deliver superior returns for its investors whilst financing the energy transition. We remain committed to identifying and capitalizing on opportunities that drive both financial performance and sustainable growth.”
