Enerfin

In 1997 Elecnor S.A. created the subsidiary, Enerfin S.A., with the objective of diversifing and expanding its renewable energy investment portfolio. Since 2001, Enerfin S.A. has focused on the promotion and operation of Wind Energy Projects.

In 2005, Enerfin S.A. reorganized itself under the following two subsidiares: Enerfín Sociedad de Energía, S.A. and Enerfín-Enervento S.A.

From this point on, Enerfín, S.A. has been known as Enerfín-Enervento (also referred to as Enervento). Its purpose is to serve as the caretaker of the shares of its affiliated companies. Enervento's resources and its promotional and operation management activities have been transferred to Enerfín Sociedad de Energía, S.A., whose responsibility now includes managing and directing Enervento.

In December 2005 Elecnor Financiera. S.L., a wholly owned subsidiary of Elecnor, S.A., acquired Vendaval Promociones Eólicas, S.A., adding 66 MW to its management portfolio.

In May 2009, Enerfín Sociedad de Energía, S.A. was transformed in a limited liabilty society and acquired Elecnor Financiera, S.L.

Nowadays, Enerfín Sociedad de Energía, S.L. keeps the Management Unit of these three companies. Also, in addition to develop its project portfolio, Enerfín Sociedad de Energía, S.L. performs management, technical, financial, administrative and accounting services of Enervento and Elecnor Financiera.