Galp Acquires 361 MW Onshore Wind Portfolio in Spain from Acciona Energía for €420 Million
Galp has acquired a portfolio of 15 operational onshore wind farms in Spain totalling 361 MW from Acciona Energía for an enterprise value of €420 million. Expected to generate approximately 800 GWh annually, the acquisition brings Galp's total installed renewable capacity to 2.7 GW and wind energy to approximately 30% of its renewable generation mix. The transaction was signed and closed simultaneously with no conditions precedent.
Transaction date: · Source: galp.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 361 MW
- Transaction price
- 420 million (currency as reported in the source)
- Buyer
- Galp
- Seller
- Acciona Energía
- Country
- Spain
- Region
- Multiple regions across Spain
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
15 onshore wind farms with a total installed capacity of 361 MW and an average commercial operation date of 2005. Expected to generate approximately 800 GWh of electricity annually. Assets are fully operational and distributed across multiple Spanish regions with strong wind resources and a consolidated operating track record.
Additional information
Transaction signed and closed simultaneously with no conditions precedent. Enterprise value of €420 million. Following this acquisition, Galp's total installed renewable capacity reaches 2.7 GW with annual electricity generation of 5 TWh. Wind energy will now represent approximately 30% of Galp's renewable generation mix. Combined with Galp's earlier April 2026 acquisition of a 351 MW wind portfolio from Helia (also in Spain, €320 million), the two transactions total €740 million and add over 700 MW of wind capacity across 32 wind farms in Spain in 2026.
Source
Original announcement: https://www.galp.com/corp/pt/media/comunicados-de-imprensa/comunicado/id/1711/galp-adquire-operacao-de-eolicas-em-espanha-por-420-milhoes-e-cresce-no-negocio-da-eletricidade