DIF agrees acquisition of 50-MW wind park in Uruguay

Infrastructure fund manager DIF Capital Partners has agreed to buy a 50-MW wind park in Uruguay from Germany’s Enercon GmbH and Eab New Energy.

The deal will be carried out through DIF’s most recent fund DIF Infrastructure V and represents its first investment in South America. It concerns the Cerro Grande wind farm in eastern Uruguay, DIF said on Monday without providing financial details on the acquisition.

The particular wind park consists of 22 turbines that have been generating electricity since January 2018. Their output is being sold under a 20-year power purchase agreement with Uruguay’s state-owned utility UTE. Following the transaction, expected to be completed this year, Enercon will continue to provide operations and maintenance (O&M) services for the plant, while SEG Heliotec will deliver asset management solutions.

DIF’s advisors in the deal included Voltiq, Hughes & Hughes and Gomez-Acebo & Pombo, DNV GL, KPMG, Mazars and Aon. Enercon, meanwhile, was advised by Ficus Capital.

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