Greencoat Renewables is buying a 65MW portfolio of operating wind farms in France from Axpo, Switzerland’s largest producer of renewable energy.
The acquisition comprises four wind farms, each of which benefits from long-term contracts with the French government.
The 16MW Arcy-Précy windfarm is located in the Burgundy region of France and consists of eight Vestas V110 turbines. The project was commissioned between September 2021 (12MW) and May 2022 (4MW) and benefits from a government fixed-price contract until August 2041.
The 9.4MW Butte de Menonville windfarm is located in the Centre Val-de-Loire region of France and consists of four Enercon E92 turbines. The project was commissioned in July 2021 and benefits from a government fixed-price contract until June 2041.
The 20.3MW Genonville windfarm is located in the Centre Val-de-Loire region of France and consists of six Nordex N117 turbines. The project was commissioned in March 2022 and benefits from a government fixed-price contract until February 2042.
The 19.8MW Grande Pièce windfarm is located in the Centre Val-de-Loire region of France and consists of six Vestas V112 turbines. The project was commissioned between August 2017 and October 2018 and benefits from a government fixed-price contract until August 2032.
This is the company’s second portfolio acquisition in France, part of its European growth strategy as it expands beyond Ireland. The portfolio now includes assets in Spain, Finland, Germany, and Sweden as well as France and Ireland.
The transaction is expected to close in Q2 2022.
GRP : Greencoat buying four French windfarms