Bridgepoint sells wind farm stake to Acciona

CESA, one of the leading players in the European renewable energy sector, specialises in the development and operation of wind farms. Bridgepoint acquired a 23.75% stake in May 2004 on the back of the growing development of renewable energy as a means of diversifying energy sources.

Founded in 1995 as the wind subsidiary of a diversified industrial group, CESA was de-merged in 2001. When Bridgepoint first invested, CESA had 300 MW of net installed capacity. In 2005, it acquired Terranova which added further capacity of 135 MW. CESA now has over 500 MW of net installed capacity with 125 MW under construction including international wind parks.

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