Investor CVC DIF has completed the sale of a 170MW operational wind portfolio in Uruguay.
The investor’s DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI) funds completed the sale of the Cerro Grande and Peralta wind farm projects to Pluspetrol.
The portfolio represents the second largest private portfolio in Uruguay for renewable assets, comprising 72 Enercon E-92 turbines (picture of Enercon turbines).
Cerro Grande is a 52MW operational wind farm project acquired by DIF V in 2019.
Peralta is a 118MW operational wind farm acquired by DIF VI in 2021.
During its ownership, CVC DIF successfully optimised operations at both sites, including delivering a project to upgrade all 50 towers at the Peralta site over an 18-month period.
Andrew Freeman, Partner and Head of Exits at CVC DIF, said: “We are excited to announce our first divestments in Latin America, marking a significant achievement for DIF V and DIF VI.
“These successful exits highlight the impact our proactive value creation approach can deliver.”
“CVC DIF continues to deliver superior returns for its investors whilst financing the energy transition.
“We remain committed to identifying and capitalizing on opportunities that drive both financial performance and sustainable growth.”
