Three wind farms with 11 plants in France and Germany are sold to the Swiss investment adviser.
Kallinchen, February 2020. Three wind farms to one buyer – the outcome of the agreement reached between Energiequelle and the Swiss re:cap global investors ag. The portfolio consists of two wind farms in France and one wind farm in Germany with a total volume of 19 megawatts (MW). Re:cap executed the transactions on behalf of the Wind Infrastructure I fund of FP Lux Investments S.A. SICAV-SIF for German institutional investors.
The first project of the portfolio, Callac, is located in Brittany, north-west of France. Its six Enercon E-53 turbines with a capacity of 0.8 MW have been producing climate-friendly electricity since August 2018. The second French wind farm, Melgven, also in the north-west of the country, has been in operation since August 2015. The project consists of three Vestas V-80 turbines with a capacity of 2 MW.
The portfolio’s third wind farm is located in Gardelegen, Germany, in the state of Saxony-Anhalt. The wind farm’s two Enercon E-141 turbines were connected to the grid in January and have a capacity of 4.2 MW.
“Energiequelle has been working closely with re:cap for several years. We are delighted to sell a portfolio of three wind farms to our long-term partner”, says Maik Pytzka, Head of Sales at Energiequelle GmbH.
Thomas Staudinger, Managing Director of re:cap, agrees: “Ever since our first contact in 2013, I have truly appreciated the great and reliable work of Energiequelle. We have also planned more joint projects, for example in Finland.”
The law firm SATELL advised re:cap during the portfolio transaction. SATELL’s assignment included support in the completion of the acquisition agreements and the legal due diligence review of the Gardelegen wind farm.