{"id":5841,"date":"2016-02-04T12:24:08","date_gmt":"2016-02-04T12:24:08","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2016\/02\/04\/cerberus-increases-renewable-energy-investments-650mw-renovalia-acquisition\/"},"modified":"2016-02-04T12:24:08","modified_gmt":"2016-02-04T12:24:08","slug":"cerberus-increases-renewable-energy-investments-650mw-renovalia-acquisition","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2016\/02\/04\/cerberus-increases-renewable-energy-investments-650mw-renovalia-acquisition\/","title":{"rendered":"Cerberus Increases Renewable Energy Investments With 650MW Renovalia Acquisition"},"content":{"rendered":"<p>Cerberus Capital Management, L.P. today announced that Jose Luis Mar\u00edn has joined the firm as Chairman of the firm&#8217;s renewable energy investments business.\u00a0 Mr. Mar\u00edn has extensive professional experience in both the industrial and energy sectors, including 17 years with <a href=\"http:\/\/www.endesa.com\" target=\"_blank\" rel=\"noopener\">Endesa <\/a>where his most recent responsibilities were as CEO of Endesa Diversificaci\u00f3n and President and CEO of Endesa Red.<\/p>\n<p>Cerberus also announced that it has completed the acquisition of Spanish renewable energy company <a href=\"http:\/\/en.renovalia.com\/\" target=\"_blank\" rel=\"noopener\">Renovalia <\/a>Energy S.A. from affiliates of the Ortega Family and IDM Ortemar.\u00a0 This transaction gives Cerberus 100% control of Renovalia.\u00a0 Renovalia operates in six countries and has more than 650 megawatts of power generation under management along with a global development pipeline of wind farms and solar PV plants.\u00a0 The closing follows the purchase by an affiliate of Cerberus of two wind farms in <span class=\"xn-location\">Spain<\/span> comprising 70MW in aggregate, which were acquired from Civis Corporation Group in <span class=\"xn-chron\">July 2015<\/span>.<\/p>\n<p>&#8220;We are pleased to welcome Jose Luis Mar\u00edn to the firm, where his extensive industry experience will be a great asset,&#8221; said <span class=\"xn-person\">Lee Millstein<\/span>, Head of European Investments.\u00a0 &#8220;Along with our recent acquisitions, this move significantly advances our renewable energy investment strategy in Europe.\u00a0 We look forward to growing owned operating assets and expanding Renovalia&#8217;s asset management and operation and maintenance (&#8220;O&amp;M&#8221;) capabilities globally.&#8221;<\/p>\n<p>Established in 1992, <a href=\"http:\/\/www.cerberuscapital.com\" target=\"_blank\" rel=\"noopener\">Cerberus Capital Management<\/a>, L.P. is one of the world&#8217;s leading private investment firms. Cerberus has more than US <span class=\"xn-money\">$28 billion<\/span> under management invested in four primary strategies; private equity; real estate-related investments commercial mid-market lending, and distressed securities &amp; assets. From its headquarters in <span class=\"xn-location\">New York City<\/span> and large network of affiliate and advisory offices in the US, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>, Cerberus has the on-the-ground presence to invest in multiple sectors, through multiple investment strategies in countries around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cerberus has completed the acquisition of Spanish renewable energy company Renovalia Energy S.A. from affiliates of the Ortega Family and IDM Ortemar.  This transaction gives Cerberus 100% control of Renovalia.  Renovalia operates in six countries and has more than 650 megawatts of power generation under management along with a global development pipeline of wind farms and solar PV plants. The acquisition adds further clean energy assets to the total of US $28 billion currently under management.<\/p>\n","protected":false},"author":2,"featured_media":5847,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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