By Rod Morrison
Equitix has acquired two wind farms with a combined installed capacity of 87MW from Capital Energy for an undisclosed amount.
Situated in Castilla-la-Mancha and Navarre, the El Castillar Energy and Joluga Energy wind farms represent the fifth and sixth projects purchased from Capital Energy by Equitix’s Spanish renewable energy hybridisation platform since June 2024.
They are also the first acquisitions under a framework agreement between the two companies established in summer that gives Equitix exclusivity over a 1GW Capital Energy pipeline of hybrid renewable energy projects including El Castillar, Joluga, Canales Sur, Terrer and Desma.
In July, Equitix entered an equal partnership with New South Wales Treasury Corporation, TCorp, to expand its Spanish hybridisation platform. It has 330MW of operational and under-construction assets, along with 200MW in development. Equitix and TCorp are targeting 1.4GW of generational capacity by 2030.
In November, Tokyo Century acquired a stake in an Equitix-owned project company that holds four UK onshore wind farms totalling 122.5MW.
The schemes are Crook Hill near Manchester, Reaps Moss in Lancashire, and Pant y Wal and Mynydd Bwllfa in Wales. The projects started operating between 2013 and 2015 and are backed by renewable obligation certificates. The investment is Tokyo Century’s first in UK onshore wind. Tokyo Century shareholders include NTT and Mizuho.