Elecnor has completed the sale of its subsidiary Enerfín Sociedad de Energía, S.L.U., marking a strategic move to focus on its core competencies in infrastructure and engineering.

Target Company Information

Elecnor, a prominent player in the global energy and infrastructure sectors, has recently completed the sale of its subsidiary, Enerfín Sociedad de Energía, S.L.U. This transaction marks a significant shift in the company's strategic direction as it divests its renewable energy interests within the portfolio. Enerfín has established itself as a reputable firm in the renewable sector, particularly in wind energy projects throughout Spain and other regions.

The sale was finalized on May 23, 2024, following the signing of the agreement on November 17, 2023. The transfer of 100% of the shares of Enerfín reflects Elecnor's commitment to streamline its operations and focus on core business areas while maximizing shareholder value through the reallocation of resources.

Industry Overview in Spain

Spain's renewable energy industry has experienced rapid growth over the past decade, positioned as one of the leading countries in Europe for wind and solar ener