Galp has agreed to acquire a portfolio of 351 MW of operating onshore wind assets in Spain from Helia funds, a joint platform of Plenium Partners and Bankinter Investment. The transaction, valued at approximately €320 million, is expected to close during the second quarter of 2026, strengthening the company’s growth and diversification strategy in the renewable energy business in the Iberian market.
The portfolio consists of 17 wind farms located in areas with attractive wind resources, with an average commercial operation start date of 2009. Operating under a merchant regime and with a solid operational track record, the assets generate approximately 750 GWh per year on average.
This transaction represents a significant step in Galp’s evolution as a renewable energy producer, enabling it to balance its portfolio—previously heavily weighted towards solar—with greater exposure to wind generation. Following this acquisition, Galp’s installed renewable capacity reaches 2 GW, with wind energy accounting for nearly a quarter of its total renewable production.
The transaction is aligned with Galp’s net capex guidance for 2025–2026, set at up to €0.8 billion per year on average. This strategic decision reinforces the sustainability of the company’s growth trajectory in renewables, contributing to a more diversified and resilient portfolio.
“This acquisition reflects our long-term vision for renewable energy: to grow in a disciplined way, with high-quality assets, and to build a more diversified and resilient portfolio. The complementarity between solar and wind allows us to reduce volatility, improve the production profile, and strengthen sustainable value creation,” said Georgios Papadimitriou, EVP of Renewables at Galp.
Galp’s Renewables business unit is focused on the development, construction, and operation of renewable power generation assets, with a particular focus on the Iberian Peninsula. Galp is currently one of the leading Iberian operators in solar photovoltaic energy, with 1.7 GW of installed capacity in Portugal and Spain.
This portfolio is complemented by projects under construction and development, as well as investments in storage and hybridization, which enhance the competitiveness of the electricity produced, reduce its carbon intensity, and contribute to the resilience of the power system.
Galp currently has more than 350 MW of solar and battery projects under construction, expected to come into operation by the end of 2026. The company continuously adapts its strategic execution to evolving market conditions, ensuring the economic sustainability of its portfolio at all times.
About Galp
Galp is a multi-energy company headquartered in Lisbon, competing daily with global industry leaders. It operates in nine countries across three continents, with core activities in Brazil, Africa, and the Iberian Peninsula. Its offering includes various forms of energy, from electricity generated from renewable sources to natural gas and liquid fuels. The company manages 1.7 GW of renewable capacity, producing sustainable electricity that powers thousands of electric vehicles and supplies energy to homes and businesses. It is also advancing the production of a new generation of synthetic fuels and biofuels with a lower carbon footprint. Galp has a strong brand presence in customers’ daily lives through a network of 1,500 service stations and convenience stores across the Iberian Peninsula
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