BayWa RE has sold the 9MW Grand Champ wind farm in France to Swiss investment company Terravent for an undisclosed price.
The three-turbine project is located in Pays de la Loire and has generated 24,000 megawatt-hours a year for 15 years.
BayWa RE will continue to be responsible for the technical and commercial operation of the wind park.
BayWa RE France president Can Nalbantoglu said: “We’re pleased to finalise the sale of the Grand Champ wind farm to Terravent, who like us, has renewable energy at the heart of their business.
“Terravent has a specific focus on investing in wind energy projects and we look forward to continuing to build on this new relationship and work with them in the future.”
Terravent managing director Pablo Jurado said: “With a long-term perspective and strategy in mind, this latest acquisition is a perfect fit with our goal of supporting renewable energy generation in Europe while bringing value to our investors.
“We’re pleased to add Grand Champ to our portfolio, further enhancing the geographical diversification of Terravent’s asset base.”
Nalbantoglu added that BayWa RE has three more wind farms under construction in France.
“We are looking forward to them being able to contribute to the government’s latest targets for wind energy generation – 24.6GW by 2023 and between 33.2 – 34.7 GW of installed capacity by 2028,” he said.