Canadian company Innergex has agreed to acquire a trio of Velocita wind farm projects in France for an enterprise value of C$335m.
The deal covers the 36.1MW Rougemont 1, 44.5MW Rougemont 2 and 38.9MW Vaite projects in Bourgogne-France-Comte.
Innergex will own 69.55% of the portfolio with Desjardins Group Pension Plan holding 30.45%.
Projects feature a total of 43 GE turbines rated at 2.78MW. The wind farms are around 80% complete with full operations scheduled before the end of the year.
EDF will buy all power produced under a long term deal.
“Following our strategic plan, our expansion continues in international markets with the acquisition of these three projects. France is an exciting market as it has adopted vigorous climate change targets and has a potential to double its onshore wind capacity by 2023,” said Innergex chief executive Michel Letellier.
“With our proven track record of developing successful wind projects, we are confident that these new acquisitions will be delivered on time, on budget, and strengthen our growing portfolio of assets,” he added.
Image: GE 2.85MW hardware in action (GE)
Innergex shopping spree in France
Trio of wind farms totalling 119.5MW to be completed this year
By EBS