BNP Paribas Investment Partners acquires 35 MW Wind Power Portfolio
10.02.2012 | CSR
The fund managed by BNP Paribas Investment Partners' Clean Energy Partners GP Ltd. has acquired three wind farm assets in France, bringing its total wind asset base to over 100 mega watts (MW).
Joost Bergsma, CEO of the fund said: “This acquisition complements our previous wind farm acquisitions in Ireland, the UK and France, and maintains our momentum towards establishing a significant presence in the French wind energy sector.”
The transaction was the first of its kind between BNP Paribas Clean Energy Partners and Nordex. Nordex will maintain an operational management role, ensuring the portfolio's ongoing success.
The portfolio acquisition was project financed with support from HSH Nordbank.
To date, the Fund has completed 10 acquisitions across wind power, solar photovoltaics and biomass, with assets in Italy, France, the UK and Ireland.