The acquisition includes 4 wind farms, all of which benefit from long-term contracts with the French government:
- The 16 MW Arcy-Précy wind farm is located in Burgundy and consists of eight Vestas V110 turbines. The project was commissioned between September 2021 (12MW) and May 2022 (4MW) and benefits from a fixed price government contract until August 2041.
- The 9.4 MW Butte de Menonville wind farm is located in the Center Val-de-Loire region of France and consists of four Enercon E92 turbines. The project was commissioned in July 2021 and benefits from a fixed price government contract until June 2041.
- The 20.3 MW Genonville wind farm is located in the Center Val-de-Loire region of France and consists of six Nordex N117 turbines. The project was commissioned in March 2022 and benefits from a fixed price government contract until February 2042.
- The 19.8 MW Grande Espace wind farm is located in the Center Val-de-Loire region of France and consists of six Vestas V112 turbines. The project was commissioned between August 2017 and October 2018 and benefits from a fixed price government contract until August 2032.
The transaction is the company’s second portfolio acquisition in France, as it continues to execute its European growth strategy and follows Greencoat Renewables’ expansion into Spain, Finland, Germany and Sweden.
Christoph Sutter, Head of Renewables at Axpo, said: “I am delighted to see that once again we have been able to sell an attractive portfolio of wind farms which were part of Volkswind’s extensive development pipeline in France. .
“With continued investor interest in purchasing wind power plants, this is an excellent opportunity for Axpo to generate additional revenue and increase the value added of our renewables business.”
The transaction is expected to close in the second quarter of 2022.
Bertrand Gautier, Investment Manager, said: “This transaction represents a further step in Greencoat Renewables’ strategy to increase our position in the French renewable energy market, which provides an opportunity to secure contracted renewable energy assets. long-term. France will now represent 12% of the Greencoat Renewables portfolio.
“We look forward to continuing to work with Axpo, a large owner of renewable assets in Europe.”
Since the acquisition of Volkswind in 2015, Axpo has been active in the planning, project development, construction, maintenance and management of wind farms in France and Germany. As one of Europe’s leading wind energy companies, Axpo’s business strategy combines retaining a large portfolio of wind farms with selling others to investors.