Finerge bolsters position with 8 wind farms in Portugal

Finerge, a green energy supplier based near Porto in Portugal and Madrid in Spain, has signed a contract to acquire eight wind farms that are operational in Portugal from the UK’s Guild Investments Ltd.

Reports business daily Negócios, the company says: “With this strategic operation, which will add 162 MW of renewable production capacity, Finerge will exceed 2GW of installed capacity on the Iberian Peninsula”.

This agreement between the two companies foresees the acquisition of 18.7% of three wind farms – Ventominho, Arga, and Espiga – and 15.9% of the São Paio farm, all of which are in the Minho region in the north of Portugal, bringing in a total of 353MW.

This is added to the acquisition by Finerge of 50% of four wind farms – Arada, Montemuro, Pinheiro and Cabril – in Aveiro and Viseu, with 191MW.

All told, Finerge will have a total installed capacity of 2,133MW in Portugal and Spain.

Finerge currently operates 86 wind farms and 17 solar parks in 59 municipalities in Portugal and in six provinces in Spain.