- Klara Renewables is a portfolio of six operational onshore wind farms in Poland with a combined installed capacity of 171 MW, generating approximately 500 GWh of clean energy each year
- CVC DIF acquired all six projects at ready-to-build stage in 2020 and 2021 and managed them successfully through procurement, financing and construction into operation
- The portfolio benefits from 15-year contracts for difference with the Polish government, and has delivered approximately 99% technical availability
- This exit underscores CVC DIF’s clear focus on returning capital to investors, supported by the expertise of its dedicated Divestments team
CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that DIF Infrastructure VI (“DIF VI”) has signed an agreement to divest Klara Renewables, a portfolio of six operational onshore wind farms in Poland, to Actis, a leading global investor in sustainable infrastructure.
Klara Renewables comprises six operational onshore wind farms, with a combined installed capacity of 171 MW generating approximately 500 GWh of clean energy each year. Revenues are supported by 15-year contracts for difference with the Polish government, securing fixed prices for a significant portion of expected annual generation.
CVC DIF, through its DIF VI fund, acquired all six projects at ready-to-build stage in 2020 and 2021 and successfully managed them through procurement, financing and construction into full operation. Under CVC DIF’s ownership, the portfolio has delivered approximately 99% average technical availability, underpinned by commercially proven Vestas turbine technology, long-term operational support arrangements and a dedicated local management team. The divestment represents a successful full-cycle outcome for DIF VI, materialising value created through CVC DIF’s active asset management while supporting the continued build-out of renewable generation in Poland.
Andrew Freeman, Partner and Head of Divestments at CVC DIF, commented: “We are delighted to announce the divestment of Klara Renewables, a high-quality portfolio that we have taken from ready-to-build to full operation. This transaction is a strong example of the value our hands-on asset management approach can create, delivering attractive returns for our investors while advancing the energy transition in Central and Eastern Europe.”
The sale of Klara Renewables continues CVC DIF’s programme of disciplined divestments to return capital to investors and deliver strong returns, supported by the combined expertise of its Investment and dedicated Divestments teams.
CVC DIF was advised on the transaction by PwC (financial) and Dentons (legal).