- Acquired 351 MW operational onshore wind portfolio (17 assets) in Spain from Helia Funds (co-sponsored by Plenium Partners and Bankinter Investment).
- Portfolio averages COD 2009 and generates ~750 GWh/year.
- Equity value ~€320m, transaction expected to close in 2Q26.
- Deal raises Galp's renewables to 2 GW, boosts wind share to ~25% and aligns with net capex guidance at or below €0.8bn per year for 2025-26.
Transaction overview
Galp agreed to acquire a 351 MW portfolio of operational onshore wind assets in Spain from Helia Funds, a platform co‑sponsored by Plenium Partners and Bankinter Investment; the equity value is c.€320m and the deal is expected to close in 2Q26.
Asset profile
The portfolio comprises 17 wind assets across strong wind-resource sites, operating under merchant conditions with an average start of commercial operations in 2009 and generating roughly 750 GWh/year on average.
Strategic impact
Integration raises Galp’s total installed renewables capacity to 2 GW and increases wind to about 25% of its renewable generation mix, improving captured power prices and strengthening the renewables business contribution and resilience.
Capital alignment
The acquisition aligns with Galp’s net capex guidance for 2025–26 of at or below €0.8bn per annum on average, adding diversification and long‑term strategic optionality.
