Ata Renewables has completed successfully its role in the acquisition of a wind asset portfolio of 105.8MW recently acquired by Cerberus and Exus Partners.
Cerberus Capital Management has acquired from Sinia Renovables, Comsa Renovables, Esif and Renovis four Spanish wind farms totalling 105.8MW. The projects have an estimated enterprise value of €175m.
Ata Renewables, also known as Astrom Technical Advisors, is a leading group of renewable technical advisory, engineering and certification. In this operation, ata provided the technical advisory for the acquision valued on €175 million.
Pablo Valera, CEO of ata renewables said ‘our role was primarily technical risk mitigation to ensure that the assets were sound and performing well to ensure that their income will be consistent in the future’
‘We are delighted of the success of this operation for our clients. It is out mission to ensure that our clients’ interests are looked after in any secondary market operation’ Valera added.
For more than 11 years of operation ata renewables has participated as a technical advisors and owners Engineer in more than 36bn of non-recourse Project finance, and in renewable projects of more than 17GW. Among the Clients there are more than 300 Financial Institutions, Top Developers, IPP’s, first-line equipment Manufacturers and Equity Investors all over the world.
Other advisory firms have also participated of the Project with legal advice to the different parties, including Watson Farley & Williams, Ashurst LLP, Cuatrecasas, Gonçalves Pereira LLP.