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June 19 (Renewables Now) - Spanish renewable power retailer Holaluz Clidom SA (BME:HLZ) has signed contracts to become the market representative of 487.3 MW of wind farms, it said in a securities filing.
The capacity will be divided between 12 wind farms to be commissioned between the third quarter of 2020 and the second quarter of 2021.
All 12 projects are owned by Copenhagen Infrastructure Fund III, a fund managed by Danish investment firm Copenhagen Infrastructure Partners P/S, Holaluz said.
Once in operation, the wind farms will generate some 1,400 GWh per year.
With the new contracts, the Spanish firm will reach its 2023 target of having 1,000 MW of renewable power plants under representation three years earlier. It will also be able to grow its customer base by more than 300,000 without having to use additional working capital, Holaluz added.