Swiss energy company Axpo has reached an agreement to sell three wind farms in France, boasting a combined capacity of 72MW, to an Article 9 fund advised by EB – Sustainable Investment Management (EB-SIM). The wind power plants—Aiguillettes (18MW), Moulin Berlémont (28.8MW), and Pâtis aux Chevaux (25.2MW)—are situated in the Centre-Val de Loire, Hauts-de-France, and Nouvelle-Aquitaine regions of France.
The wind farms, featuring turbines from Nordex and Vestas, were developed and commissioned by Volkswind in 2022. Following the sale, Axpo will continue to provide technical and commercial management services for the portfolio.
See also: Axpo Deutschland and Siltronic Sign 10-Year Power Purchase Agreement for 60GWh of Renewable Energy
The parties involved have chosen not to disclose specific details about the sale price. The transaction is contingent on customary conditions, and the closing is anticipated in the first half of 2024.
EB-SIM, a wholly-owned subsidiary of Evangelische Bank eG, serves as the advisor to the Article 9 fund and will continue to assist in managing the investment post-transaction closure.
Axpo's Head of Wind Division, Katja Stommel, expressed satisfaction with the successful sale, emphasizing Axpo's commitment to advancing the energy transition and building up renewables. Stommel highlighted the robust development pipeline in Axpo's business in France.
See also: Axpo and Pilkington Automotive Finland Ink Long-Term Wind Energy Deal
Dr. Bernhard Graeber, Managing Director and Head of Alternative Assets at EB-SIM, noted the fund's investments in projects across various European countries, supporting the European Union's climate targets. Article 9 funds, in accordance with the Sustainable Finance Disclosure Regulation (SFDR), focus on making a positive impact on society or the environment through sustainable investment, with a non-financial objective at the core of their offering.
