Natixis Partners Iberia has acted as sole financial advisor to Ignis Capital on the sale of 6 CHP / cogeneration plants to Capwatt (subsidiary of Sonae Capital). The portfolio had a combined generation capacity of approximately 88MW and a value of c.€75m.
For Ignis Capital, a leading Spanish renewable IPP, the sale represents an important step in the execution of its strategy of developing new renewable energy assets across Spain, especially photovoltaic plants.
All the assets operate under a FiT regime with expected energy production of 722GWh and EBITDA of c.€10m for 2020.
Natixis Partners Iberia has carried out an extensive marketing process, including multiple candidates across 3 continents, supported by the Natixis M&A global platform in France and Asia.