Renovalia Energy and First Reserve create new wind energy JV | REVE News of the wind sector in Spain and in the world

Own: are those that are downloaded in your browser from AEE's own domain, being managed by ourselves.
From third parties: these are downloaded to your browser from a domain that is not managed by AEE, but by a third party.

First Reserve has committed US$150 million to the joint venture. The long-term agreement supports Renovalia Energy’s growth and international expansion plans, allowing it to become one of the leading renewable energy companies in the global market, with a presence in seven countries.

First Reserve identified Renovalia Energy as its partner due to its deep experience in the wind power industry and its broad renewable energy sector platform, as well as its solid financial track record and strong growth potential. During the first nine months of 2011, Renovalia Energy’s EBITDA grew by 27.5% compared to the same period last year, to 76.5 million Euros. Its turnover was 140 million Euros by Q3 2011, compared to 93 million Euros in the same period 2010.