In November 2015, the Company, together with CK Infrastructure Holdings Limited (CKI), acquired Iberwind Group in Portugal. Power Assets holds a 50% stake of Iberwind, while CKI holds the remaining 50%.
Iberwind is one of the major wind energy developers and operators in Portugal and has developed 31 wind farms, with more than 320 wind turbines and an installed capacity of 726 MW. Its represents approximately 15% of electricity produced by wind power in Portugal and about 3% of the electricity consumed in the country, equivalent to the energy consumption of more than 550,000 households. Iberwind production helps reduce more than 1 million tonnes of carbon dioxide emission every year.