# Windar Renovables acquires former Alcoa plant in Avilés for €20M

Windar Renovables formalized the purchase of the former Alu Ibérica (ex-Alcoa) facilities in Avilés, Spain, for €20 million, with plans to invest €110 million to convert it into an offshore wind turbine structure factory, creating 500 direct jobs.

- Type: Acquisition
- Announced: 2024-03-12
- Where: Avilés, Asturias, Spain
- Value: $21.7M (20.0M EUR)
- Jobs: 500
- Status: announced
- Products: offshore wind turbine structures
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Windar Renovables](https://endata.com/companies/34320.md) (acquirer)
- [Alu Iberica](https://endata.com/companies/50027.md) (target)

## Sources

- [lne.es](https://www.lne.es/aviles/2024/03/12/windar-formaliza-compra-naves-antigua-99350887.html), 2024-03-12: "Windar Renovables ya es propietaria de las instalaciones de Alu Ibérica –antigua Alcoa– en la margen derecha de la ría."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.