Capital Dynamics owned Clean Energy Infrastructure (CEI) has acquired a 100 percent equity stake in a 50 MW solar power project in Southern Spain. The 50 MW Puerto Real 2 project has been acquired from WElink Group which is a leading global developer of renewable energy solutions. This is a subsidy-free project and is located near the 133 MW Puerto Real 1 project in the town of Puerto Real in Cadiz province. Capital Dynamics acquired Puerto Real 1 in March 2020. 

Puerto Real 2 is the company’s third acquisition in Iberia. The construction of the 50 MW project will begin in March 2021. It is expected to be operational in the first quarter of 2022. With this project, Capital Dynamics has invested in over 480 MW of subsidy-free solar projects in Spain.

“Puerto Real 2 is a natural addition to our existing portfolio and further strengthens our capability to provide affordable, subsidy-free renewable energy to Southern Spain,” said Dario Bertagna, Director, Clean Energy Infrastructure. “The project will benefit from Puerto Real 1’s existing development infrastructure, including the continuation of employment opportunities for the local labor force. We also look forward to strengthening our partnership with WElink as we continue the development and construction of clean energy projects across Europe.” 

Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit and clean energy infrastructure. Clean Energy Infrastructure is a renewable energy investment manager. It currently manages 7.9 GWdc of contracted gross power generation across more than 150 projects in the United States and Europe. The company operates in both utility-scale and distributed generation spaces across various segments like solar, onshore wind, energy storage and related infrastructure.