Vortex Energy sells its 49 % stake in a 998 MW Pan-European wind energy portfolio
UK, London: Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, completed the divestiture of a 49 % stake in its Pan-European operational wind power portfolio managed and co-owned by EDPR, selling the stake to institutional investors advised by J.P. Morgan Asset Management.
The portfolio includes 56 operational wind farms with gross capacity of 998 MW spread across Spain, France, Portugal and Belgium. Vortex Energy was launched four years ago and has grown to become a prominent renewable energy-focused investment manager in Europe and the UK with an 822 MW solar and wind portfolio and combined executed transactions in excess of $2.7 B (€2.4 B).
Vortex Energy is now focusing on further investments in the sector, specifically targeting North America, Europe and Latin America.
Source: EFG Hermes