CVC DIF sells 169 MW Uruguayan wind farm portfolio to Pluspetrol
Author: PPD Team Date: 09/12/2024
CVC DIF has sold its 169 MW portfolio of Uruguayan wind farm projects, comprising the Cerro Grande and Peralta wind farms, to Pluspetrol for an undisclosed amount.
The transaction, executed by DIF Infrastructure V and DIF Infrastructure VI, marks Pluspetrol’s entry into the renewable energy sector.
The portfolio, featuring 72 Enercon E-92 turbines, is the second-largest private renewable asset portfolio in Uruguay.
The wind farms, located in the Tacuarembó and Cerro Largo departments, provide sustainable energy to 60,000 Uruguayan households and reduce CO₂ emissions by 25,000 tonnes annually.
CVC DIF, advised by Scotiabank, Herbert Smith Freehills, and Hughes & Hughes, has successfully optimised operations during its ownership, including upgrading towers at Peralta.
Pluspetrol plans to further explore opportunities within the energy transition.