[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_row_inner row_type=”row” type=”full_width” text_align=”left” css_animation=””][vc_column_inner width=”1/2″][vc_column_text]

Solar and wind parks

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”109″ img_size=”full” alignment=”right” qode_css_animation=””][/vc_column_inner][/vc_row_inner][vc_empty_space height=”50px”][vc_column_text]Deal Information:

• Sector: Energy
• Country: Spain
• Sellers: Enfinity / Mclezar Miranda / Gecalsa
• Entry Date: August 2014
• Exit Date: June 2015

 

Company Overview

Mix of 10 solar and wind parks

 

Deal Highlights

In March 2014, SWC identified a significant asset valuation discrepancy between the Spanish renewable energy sector and its international peers due to historic regulatory changes in Spain that had destabilized the industry

SWC presented the opportunity to TPG special situations fund and entered into partnership negotiations in order to fund the pipeline

In May 2015, SWC signed a JV with TPG’s special situations fund, whereby TPG SSF would take 80% of the joint renewable energy investment effort and SWC would remain with 20%

The TPG special situations fund team was attracted to the pipeline as well as the experience and execution capacity of the team that SWC had put together

SWC stake in Solviento was sold to TPG SSF and also successfully exited Gecalsa in June 2015 and Enfinity in February 2017[/vc_column_text][vc_empty_space height=”50px”][/vc_column][/vc_row]