Reganosa acquires Saltos del Cinca from Plenium Partners and Bankinter Investment and enters the renewable energy generation sector

The Reganosa Group has reached an agreement with Plenium Partners, manager of the alternative investment vehicle Helia II, FCR and its partner Bankinter Investment SGEIC, to acquire 99.88% of the principal of Saltos del Cinca, S.A. The firm owns three hydroelectric power plants in Aragon and provides operational and maintenance services in the field of hydroelectric power. The deal marks Reganosa's entry into renewable generation with its own assets.

 

The portfolio includes the Arias I, Arias II and Ariéstolas power plants, which make up the Saltos del Cinca hydroelectric system located in the province of Huesca. Together, they represent nearly 19 MW of installed power, distributed almost homogeneously between the three facilities, and are supported by the power plants' own team of maintenance and operational personnel.

 

The deal reinforces Reganosa's diversification of its activity, strengthening its position in the energy transition and adding to its portfolio renewable assets that complement the projects it already undertakes in this field. Furthermore, the incorporation of hydroelectric generation will enable the group to add a renewable and competitive source to its energy consumption, improve its profitability, and expand its technical capabilities and the provision of services to third parties, both in the national and international markets.

 

 

Founded in 2007 and headquartered in Madrid, Plenium Partners is an investment firm specialising in sustainable energy and infrastructure in Europe. The company currently has investments exceeding 7.5 billion euros widely diversified across sustainable infrastructure, including urban heating networks, biomethane, self-consumption and distributed generation solutions, student residences, waste management and recycling, and other infrastructure assets.

 

Over the past nine years, Bankinter Investment has successfully launched 31 alternative investment vehicles with over 5.2 billion euros in investor commitments. Including project financing, this currently represents a portfolio of assets under management of more than 7.4 billion euros.

 

The drive for alternative investment vehicles, in which Bankinter Investment is a leader in Spain and Portugal, has enabled more than 14,700 Spanish and Portuguese investors to co-invest with Bankinter Investment and its partners, with a clear focus on promoting long-term financial savings, diversifying into real assets, optimising risk-return ratios and generating lasting value for society. Bankinter Investment's asset management in all vehicles has followed the model of forming an exclusive alliance with an expert partner in each investment segment, such as renewable energies, sustainability, student housing, the hotel sector, real estate logistics, infrastructures, technology, commercial and residential properties and venture capital.

 

 

Reganosa is a global energy company with a Spanish parent company focused on improving the well-being of society and the competitiveness of businesses, mainly through economically, socially and environmentally sustainable energy infrastructures and solutions. The company is part of a group with a presence in 35 countries and that operates or oversees essential assets for security of supply on five continents. It is a world leader in the management of energy infrastructure; it is the owner and operator of the Galician liquefied natural gas terminal (located in Mugardos, A Coruña); and it owns 25% of the Musel E-Hub, in Gijón (Asturias). In addition, it promotes projects related to energy storage, renewables, the circular economy, green hydrogen, energy efficiency and digitalisation. This acquisition, which is complementary to all aforementioned initiatives, marks its debut in hydroelectric generation.