Onex Renewables (Onex) has confirmed the closing of a 221MW Portuguese wind portfolio transaction. Onex appointed Exus Management Partners (Exus) to deliver support and strategic advice in the sourcing, structuring and execution of the deal.
Exus will oversee the asset management and performance monitoring services for the portfolio. All five wind farms are currently in operation, with the portfolio having an estimated enterprise value of more than € 500 million. Previously owned by EDP Renewables, the portfolio consists of five wind projects and comes with an 18-year PPA attached.
