Baden AG/Kassel – Energy supplier Axpo is selling three of its French wind farms to a sustainable fund advised by EB-SIM in Kassel. The sale comprises 21 turbines with a total output of 72 megawatts.
According to a press release, Axpo has agreed the sale of three French wind farms with a total capacity of 72 megawatts to an Article 9 fund advised by EB-Sustainable Investment Management GmbH (EB-SIM) and certified as sustainable. Axpo will retain the technical and commercial management of the portfolio after the sale, the statement continues.
The parties have agreed not to disclose the sale price. The transaction is expected to be completed in the first half of 2024. EB-SIM, a wholly-owned subsidiary of Evangelische Bank eG based in Kassel, is acting as advisor to the fund and will continue to support it in managing the investment after the transaction has been completed, the statement continues.
This transaction is another example of how Axpo is generating substantial income from its extensive wind farm portfolio and development pipeline, according to the press release from the energy company headquartered in Baden.
The sale comprises 21 modern wind turbines in the Centre-Val de Loire, Hauts-de-France and Nouvelle-Aquitaine regions. The three wind farms equipped with Nordex and Vestas turbines were developed by Axpo subsidiary Volkswind and will be commissioned in 2022: Aiguillettes generates 18 megawatts, Moulin Berlémont 28.8 megawatts and Pâtis aux Chevaux 25.2 megawatts.
“One of Axpo’s three strategic pillars is to drive forward the energy transition and develop renewable energy sources,” says Katja Stommel, Head of the Wind division at Axpo. We have once again succeeded in “selling an attractive wind farm portfolio in one of our key markets and thus creating value from the implementation of this strategy. Our business in France has a well-filled development pipeline,” says Stommel. ce/gba