Copenhagen Infrastructure Partners (CIP) is partnering with developer Forestalia for the investment in a portfolio of more than 1GW of onshore wind farms under development in Spain’s Aragon region.

The portfolio consists of 27 wind projects in the province of Teruel that already have secured grid connection rights and are currently being progressed towards a financial close, which is expected in about 24 months.

The investment is part of CIP’s latest energy infrastructure fund (Copenhagen Infrastructure IV) that has reached an intermediate closing at €4bn ($4.7bn),